Downgrade Alert for Green Mountain Coffee Roasters (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR) was downgraded from Buy to Neutral at Dougherty today. The stock closed yesterday at $62.15 on volume of 8.6 million shares, above average daily volume of 4.0 million.
Green Mountain Coffee Roasters share prices have moved between a 52-week high of $115.98 and a 52-week low of $17.11 and closed yesterday at 263% above that low price at $62.17 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has risen 0.7%.
Potential upside of 48.6% exists for Green Mountain Coffee Roasters, based on a current level of $62.17 and analysts' average consensus price target of $92.38. The stock should run into initial resistance at its 200-day moving average (MA) of $65.38 and subsequent resistance at its 50-day MA of $79.10.
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 recommended that its subscribers protect gains by selling shares of Green Mountain Coffee Roasters on September 25th, 2013 by issuing a Downtrend alert when the shares were trading at $77.52. Since that call, shares of Green Mountain Coffee Roasters have fallen 19.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades Green Mountain Coffee Roasters