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Downgrade Alert for Green Mountain Coffee Roasters (GMCR)

By James Quinn

Green Mountain Coffee Roasters (NASDAQ:GMCR) was downgraded from Buy to Neutral at Roth Capital today. The stock closed yesterday at $113.80 on volume of 1.7 million shares, below average daily volume of 2.9 million.

Over the past year, Green Mountain Coffee Roasters has traded in a range of $17.11 to $124.42 and closed yesterday at $113.80, 565% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

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.

Green Mountain Coffee Roasters has overhead space with shares priced $113.80, or 5.6% below the average consensus analyst price target of $120.50. The stock should discover initial support at its 50-day moving average (MA) of $104.18 and subsequent support at its 200-day MA of $86.21.

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