Joel Kruger suggests this interesting Equities in his section Equities of interest :
Green Mountain Coffee Roasters Inc. (NASD: GMCR)
Once again, I’m sticking with the pure technicals here, and the technicals are warning of a pretty significant corrective pullback ahead. The market has been exceptionally well bid in recent days, despite some broader equity selling. But the ticker is now tracking violently in overbought territory, with a daily RSI over 85. From my experience, gains will not extend much further to allow for the RSI to unwind a bit, which often opens the door for a reversal. Moreover, the stock has finally rallied back to test some key previous support turned resistance from April, and as such, this adds to the case for some form of an interim top at current levels. Look for a move back towards the $30 area before any real resumption of gains. Additional gains from here should be well capped below $43 on a daily close basis.
