iBankCoin

Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

The Fallout from the Coffee Rally

chessNwine Wed Apr 23, 2014 11:41am EST 5 Comments

goodfellas-script__3

Regardless of the actual economics, in terms of these firms having locked in long-term coffee prices, I still maintain that coffee stocks like DNKN GMCR SBUX are getting hit in part due to sympathy selling from the rally in the coffee commodity.

In addition, they had all seen terrific rallies and priced in plenty of good news along the way for quarters on end.

Still, Dunkin’ and Green Mountain remain quite weak and vulnerable to more downside, seen on their daily charts, below.

What are you trading this morning?

___________________________________________________

DNKN

___________________________________________________

GMCR

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

5 comments

  1. Bernard Cornfeld
    Bernard Cornfeld
    April 23, 2014 at 12:15 pm

    Long $KKD short $DNKN?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. clawhandle
    clawhandle
    April 23, 2014 at 12:18 pm

    Hi Chess! Do you think DBA is a buy here?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. clawhandle
    clawhandle
    April 23, 2014 at 12:36 pm

    Cheers mate. I picked some up at 29

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy