KEURIG GREEN MOUNTAIN
Green Mountain as in a Pile of Cash? Maybe. Let's review the charts and get a look at their earnings estimates. They report in Two Days!
So we see one big ugly Heads and Shoulder sneaking up. Don't worry, it gets slightly better. MACD and RSI continue to make a series of higher lows and higher highs. So we may have some accumulation going on here. A falling semi-channel, semi-wedgie that ultimately will breakout... because that is what they do, silly. But who knows when. Now, an interesting point is that the expectations for this upcoming earnings is for $1.05... which hans't been this high in a while. You have to ask yourself, can they achieve this? If yes, what will make it achieve this EPS (Coffee sales, Machine sales, New products, etc.) If no, then why: Coffee prices, holiday shopping season is way over, capital investments, etc. |
Compare A to B, where the expectations for earnings were a little higher also. GMCR beat the May earnings and rallied hard. The setup is very similar.
We won't try to play out money here, we rather see a confirmation on a direction change. A breakout through the upper line in the channel, a re-test of this line and confirmation to buy. Don't worry silly, when $GMCR rallies, it rallies for a while.
We won't try to play out money here, we rather see a confirmation on a direction change. A breakout through the upper line in the channel, a re-test of this line and confirmation to buy. Don't worry silly, when $GMCR rallies, it rallies for a while.