Keurig Green Mountain - GMCR - Daily - Rally In Downtrend = Sell

7 בינו׳ 2015

The rally on news of a partnership with DPS (Dr Pepper) is a relief rally to relieve the oversold condition from the last selloff. There are plenty of sellers to cap the advance and selling against those levels is a reasonable risk trade from here and much better from the 135-136 level using a 138-139 stop (very close stop).

Targeting the 127-125 area on the downside.

Earnings aren't for another 28 days.

Tim 2:35PM EST 1/7/2015