Green Mountain Coffee Roasters
A stock in the food processing complex that's trending close to triggering a major breakout trade is Green Mountain Coffee Roasters (GMCR - Get Report), which is engaged in the specialty coffee and coffee maker businesses. This stock has been hammered by the bears so far in 2012, with shares down over 44% so far.
If you take a look at the chart for Green Mountain Coffee Roasters, you'll see that this stock was slammed by the short-sellers during the last six months, with shares dropping from over $65 to its recent low of $17.11 a share. During that sharp move lower, shares of GMCR have consistently made lower highs and lower lows, which is bearish technical price action. That said, shares of GMCR have now bounced hard off that low of $17.11, and it's moved back above its 50-day moving average of $20.99 a share. That move has pushed GMCR within range of triggering a major breakout trade.
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