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Peet's Coffee & Tea(PEET) is a specialty coffee roaster and marketer of fresh roasted whole bean coffee and tea. This stock is trading up 1.45% at $73.29 in recent trading.
Today's Volume: 178,000
Average Volume: 115,475
Volume % Change: 106%
Shares of PEET are moving slightly higher today after Jefferies analyst Andy Barish said he sees further upside in the stock and reiterated his buy rating and price target of $88.
technical perspective, PEET has printing a new 52-week and all-time high today at $74.08 with above-average volume. This is an extremely bullish move for PEET since it means that just about everyone who has ever bought the stock is making money. This move is also a follow through for PEET since the stock recently broke out above some past overhead resistance at $69.97 with decent volume.
Traders should continue to look for long biased trades in PEET as long as the stock is trending above today's low of $71.94 with strong upside volume flows.