Green Mountain Coffee Stays Strong (GMCR)

Shares of Green Mountain Coffee GMCR are moving higher today and are eyeing their 52-week high. Shares of the coffee wholesaler and distributor are up $1.12, or 3.62%, to $32.03. The 52-week high of $33.20 is within reach as the stock has displayed impressive strength recently despite a weak broader market. Technically, the stock is strong with an RSI of 65.40 and a positive MACD that is above the centerline. The stock is not cheap trading at 27 timex near year's earnings estimates, but this is a growth/momentum stock and right now the momentum is extremely strong.