Coffee Holding Soaring Again, When Will It End?

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Coffee Holding Co., Inc.
JVA
shares are soaring this morning, up another 12% this morning, as the coffee stock soars past anyone's imagination. At last check, shares were up $3.18 to $29.93, a gain of 11.89%‎ on over 1 million shares, 35 minutes into Monday trade. The company only has a market cap of $165 million, so this near 400% move in the name has not taken that much money. What is really impressive is that the name has not experienced a significant pullback, and that momentum buyers are just continuing to ride this train. At some point, the momentum train will end, and shares of Coffee Holding will come crashing down. Nothing goes up in a straight line forever.
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Posted In: MoversConsumer StaplesPackaged Foods & Meats
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