Short
Keurig Green Mountain - GMCR - Daily - Rally In Downtrend = Sell
The rally on news of a partnership with DPS (Dr Pepper) is a relief rally to relieve the oversold condition from the last selloff. There are plenty of sellers to cap the advance and selling against those levels is a reasonable risk trade from here and much better from the 135-136 level using a 138-139 stop (very close stop).
Targeting the 127-125 area on the downside.
Earnings aren't for another 28 days.
Tim 2:35PM EST 1/7/2015
Targeting the 127-125 area on the downside.
Earnings aren't for another 28 days.
Tim 2:35PM EST 1/7/2015
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.