GMCR set up within a second rising wedge pattern following the throw-over & subsequent breakdown of the previous wedge.  As the longer-term technical posture of the stock remained bearish even as the previous suggested stop was exceeded, GMCR has remained as an Active Short Trade. The next objective short entry or add-on will come on a break below the S2 support level.  Targets remain as previously posted.

It is although worth noting that falling coffee prices were most likely a contributing factor to the strong rise in GMCR’s stock price over the last 15 months.  Now that coffee prices look poised to break out of this long-standing bullish falling wedge, the prospect of rising coffee prices could eat into GMCR’s profit margins.  Updated daily chart for GMCR followed by a 3 year daily chart of $COFFEE (spot coffee prices).