GMCR daily May 19th The GMCR (Keurig Green Mountain) short trade hit the final target, T3 at 90.55, yesterday as well as again today. Consider booking full profits as the R/R is no longer favorable to remain short & the odds for a reaction are quite elevated at this time. With that being said, I've had an additional downside support/potential target level drawn on the GMCR chart since the original short entry back on December 1st. That support level/potential target is the bottom of the gap in which this final target was set at the top of. For trend [...]
Nice gap down below the former T2 support level today on disappointing earnings, where GMCR (Keurig Green Mountain Inc) made 4 tags including the initial hit back on Feb 5th. T3 remains the final target & with a gain as much as 32% so far today, consider lowering stops to protect profits. Although GMCR remains an Active Long Trade, it will be removed from the Trade Setups category as this gap below the T2 support level is too far to chase. Only a backtest of that level from below would offer an new objective short entry or add-on going forward. GMCR [...]
GMCR (Keurig Green Mountain Inc) has hit the second price target, T2 at 113.50, for an 18.9% gain since entry. Consider booking partial or full profits and/or lowering stops, depending on your trading plan. T3 (90.55) remains the final target but as always, the odds of a reaction (bounce and/or consolidation) on the initial tag of each price target are elevated. Previous & updated daily charts below. click here to view the live, annotated daily chart of GMCR On a related note, there are a couple of trade ideas in the Active Short Trades category that have exceeded [...]
GMCR daily Jan 6th The GMCR (Keurig Green Mountain Inc) short trade has hit the first target, T1 at 127.95, for an 8.5% gain in just under 5 weeks. T3, the final target at 90.55 is my current preferred swing target on this trade as of now but as always, consider booking full or partial profits and/or lowering stops to protect profits if holding out for T2 or T3. Due to the considerable downside left, assuming this trade reaches the final target, GMCR will remain both an Active Trade as well as a Short Setup as the stock still [...]
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+ [...]
GMCR (Keurig Green Mountain, Inc) will trigger a short entry on any move below 125.35 (5 cents below the 8/22 gap). T2 is my preferred swing target at this time with a final target (T3) at 84.02. Suggested stop slightly above the recent highs for those targeting T2 or T3 with a tighter stop suggested if only targeting T1. GMCR was recently added as a Short Setup on August 8th with an entry to be triggered on a move below 112. The stock never did trigger an entry so the notes and previous charts on that setup have been moved from [...]
GMCR daily Aug 8th The secondary, more conservative entry criteria for the GMCR (Keurig Green Mountain Inc) short trade setup posted earlier today was incorrectly stated as 107.40 instead of the actual resistance level of 110.73. The official & preferred entry criteria remains on any move below 112.00 with a secondary, more conservative entry or add-on to be triggered on any move below 110.73 which is the bottom of the May 12th/13th gap. The notes and chart from the previous post have been edited to reflect this correction.