Coffee Holding

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Coffee Holding ( JVA) is an integrated wholesale coffee roaster and dealer in the United States. This stock is trading up 6% at $10.04 in recent trading.

Today's Volume: 618,000

Average Volume: 982.511

Volume % Change: 50%

From a technical standpoint, this stock has started to move back above its 50-day moving average of $9.79 today on heavy volume. Traders should now watch for a sustained move and close on high volume above $9.79 and then $11.26 (its 200-day) and $11.65. If we clear all of those levels with volume, then I would target a run back toward the next significant overhead resistance level at $14.39.

To see more stocks rising on unusual volume, including Francesca's ( FRAN), Ascena Retail Group ( ASNA) and Skyworks Solutions ( SWKS), check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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