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Downgrade Alert for Green Mountain Coffee Roasters (GMCR)

By David Diaz

Green Mountain Coffee Roasters (NASDAQ:GMCR) was downgraded from Outperform to Market Perform at William Blair today. The stock closed yesterday at $88.89 on volume of 41.4 million shares, above average daily volume of 4.2 million.

Over the past year, Green Mountain Coffee Roasters has traded in a range of $39.80 to $141.69 and closed yesterday at $88.89, 123% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.1%.

Green Mountain Coffee Roasters (NASDAQ:GMCR) is currently priced 38.0% above its average consensus analyst price target of $55.08. The stock should discover initial support at its 200-day moving average (MA) of $78.95 and subsequent support at its 50-day MA of $52.31.

Green Mountain Coffee Roasters, Inc. roasts Arabica coffees and offers various coffee selections. The Company's products include single-origin, estate, certified organic, Fair Trade, signature blends, and flavored coffees sold under the Green Mountain Coffee Roasters brand. Green Mountain serves offices, supermarkets, and convenience stores, and operates a direct mail business.

SmarTrend is monitoring the recent change of momentum in Green Mountain Coffee Roasters. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Green Mountain Coffee Roasters in search of a potential trend change.

Keywords: analyst upgrades/downgrades Green Mountain Coffee Roasters

Ticker(s): GMCR