Seeking Alpha

Momentum building back up Keurig Green Mountain

  • Shares of Keurig Green Mountain (GMCR) start the week with a full head of steam after being tapped late last week to be added to the S&P 500.
  • The stock could break out of its range due to some momentum it's building up off the Starbucks deal and S&P 500 inclusion, forecasts retail analysts. A breach of the 52-week high of $124.42 is the mark to watch.
  • GMCR +2.9% premarket tp $116.48.
Comments (1)
  • Growfast
    , contributor
    Comments (278) | Send Message
     
    Momentum upwards at the level GMCR is already trading provides opportunity for short positions. Have been bullish on the company for a long time and continue to be but price has gotten way ahead of itself and won't buy more until there is a nice correction.
    17 Mar 2014, 03:26 PM Reply Like
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