Coffee Holding

Coffee Holding (JVA) is engaged in manufacturing, roasting, packaging, marketing and distributing roasted and blended coffees in the U.S., Canada, and the Far East. This stock closed up 7.7% to $5.45 in Tuesdays trading session.

Tuesday's Range: $5.01-$5.50
52-Week Range: $4.50-$7.78
Tuesday's Volume: 169,000
Three-Month Average Volume: 61,955

From a technical perspective, JVA surged sharply higher here right off its 50-day moving average of $5.007 with above-average volume. This move briefly pushed shares of JVA into breakout territory, after the stock flirted with some near-term overhead resistance at $5.46. Shares of JVA tagged an intraday high of $5.50 before closing just below that level at $5.45. Market players should now look for a continuation move higher in the short-term if JVA can manage to take out Tuesday's high of $5.50 with strong volume.

Traders should now look for long-biased trades in JVA as long as it's trending above Tuesday's low of $5.01 and then once it sustains a move or close above $5.50 with volume that hits near or above 61,955 shares. If we get that move soon, then JVA will set up to re-test or possibly take out its next major overhead resistance levels at $5.85 to its 200-day moving average of $5.93. Any high-volume move above those levels will then give JVA a chance to tag $6.20 to $6.60.

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