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Yahoo! Finance / CNBC’s Talking Numbers:
Keurig Green Mountain Inc. (GMCR)


This stock is up 50% so far this year and may go up even more

As if it didn’t need any more perking up, Keurig Green Mountain is up 6.6% on Friday after announcing a new deal with Starbucks.

The company known as Green Mountain Coffee Roasters until this week will offer Starbucks more selections in the type of “K-cups” it can produce. In exchange for increased access, Starbucks has relinquished its right to exclusivity in Keurig’s premium coffee packs.

Keurig Green Mountain has been on a caffeine rush so far in 2014 and is up 50% so far this year. John Kosar, Director of Research at Asbury Research, thinks the buzz will continue and Keurig Green Mountain’s stock will head higher based on the stock’s technicals.

“On a very near-term basis, we’re monthly oversold,” says Kosar on CNBC’s Street Signs’ Talking Numbers segment. “We’re sitting up above support at the 50-day moving average, which is at $96. And, we’re negotiating that $116 area, which was the high from 2011.”

Yahoo! Finance / CNBC’s Talking Numbers:
Keurig Green Mountain Inc. (GMCR):


Appeared on:
March 14th, 2014 at 4:19 pm