Alert: Green Mountain Master Level
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) continues its slide following an ugly earnings report last week. Many traders and investors are looking for the entry point to go long. This is a falling knife and must be bought very carefully.
The master level on Green Mountain Coffee Roasters Inc. is $22.50. The stock is currently trading at $24.55, -0.55 (-2.19%). Once this level hits, there will be significant price support and a bounce is likely. Until then, it can continue to be in free fall.