( click to enlarge )Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) This one will be interesting this week as the stock closed on Monday slightly above the gap resistance on heavy volume. Further upside is likely in the short-term, unless prices drop back into the prior range on a closing basis. At this point, short-term traders may prefer long-positions towards a potential next target around 39
( click to enlarge )Coffee Holding Co., Inc. (NASDAQ:JVA) is on the verge of a possible technical breakout. The stock closed slightly below the 200-day moving average on the daily chart. A breakout above this key SMA is a signal that there is a potential long-term trend change taking place.
( click to enlarge )PPG Industries, Inc. (NYSE:PPG) is coming out of a nice consolidation and has just broken through its July highs today.
( click to enlarge )It looks like Rite Aid Corporation (NYSE:RAD) is starting to turn back up and indicators are giving the first bullish signs. I'm looking to see this stock re-test its July highs shortly. The MACD is increasing & stock price has regained its position above the 50-day MA. The nearest trend is in favour of Bulls and RAD has room to go higher. If the stock can break through $1.29, we should see strong volume drive the stock higher. Also watch out for other resistance levels at $1.39 which is the 200-day moving average. During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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