GMCR daily Dec 1st
GMCR (Keurig Green Mountain Inc) offers an objective short entry here around the 140 level following the recent long-term uptrend line break & the more recent bear-flagging price action. T3 is both the current preferred & final target at this time. Suggested stop over 155 or lower (if only targeting T1 or T2).
GMCR was added as a short trade setup on Sept 25th with an pending entry based on a break below the 125.35 level. The stock has remained above that level since then but just recently went on to breakdown below the 2+ year primary uptrend line and has set up in what appears to be a bear flag pattern over the last several trading session. With the GMCR appearing to break down from that flag pattern (best viewed on the 60 minute time frame) by moving impulsive lower today, the stock offers an objective short entry around current levels. Please note that the price targets have been modified since the previous short entry was posted a couple of months ago. Updated daily chart shown.