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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • Look At This Stock - GMCR 0 comments
    Oct 25, 2013 2:06 PM | about stocks: GMCR, SBUX

    By Jeff Pierce

    Keep your eye on GMCR over the coming days as it looks to be nearing some significant support on weekly chart. I agree the daily is a mess but looking at the weekly chart puts the solid uptrend in perspective.

    RSI trends between 80-40 during an uptrend and we're nearing the lower end of that range. Earnings aren't until next month so that isn't a concern and by then you'll know if this trade has worked out and whether it's worth the risk of holding through earnings.

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    Stocks: GMCR, SBUX
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