Green Mountain Coffee Roasters Inc. (GMCR) Rises To New 52 Week High

Posted: Monday, March 08, 2010 12:25 PM EDT

Green Mountain Coffee Roasters Inc. (GMCR) hit a new 52-Week high of $93.29 so far today. Currently the stock is up $4.92 (5.6%) to $92.66 on 1,420,272 shares traded. Today's high is up $68.15 from a 52-Week Low of $24.51. Green Mountain Coffee Roasters Inc. stock has been showing support around $86.48 and resistance in the $89.20 range. S&P does not currently have a STARS rating for GMCR. The stock is trading up sharply in today's action, setting a new 52 week high earlier in the day. If you are looking for a hedged play on GMCR the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 65 range. [ABR-Seven Summits Strategic Investments NewsBite]

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