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People sure do love their hot coffee and tea.
While Green Mountain Coffee Roasters and Starbucks get most of the attention in the hot beverage sector, you will note the major, multi-year breakouts on the following weekly charts below. Also note that Dunkin’ Brands Group (Dunkin’ Donuts), while not pictured below, showed impressive strength last Friday. However, they have earnings coming up this week, so I will avoid trading it until after the report.
The recent broad market strength has lent itself to rallies in many stocks. That said, what has impressed me most about this sector is that they many issues in it are at multi-year highs, which has me looking at them as a leadership group. Green Mountain has much work to do to reverse the technical damage it sustained last year, but in the meantime there are other firms with major coffee and tea exposure that are firing on all cylinders.
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