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Dec 10, 2012 (SmarTrend(R) News Watch via COMTEX) -- A week ago on November 27th, 2012 Green Mountain Coffee Roasters (NASDAQ:GMCR) reported earnings and analysts, on average, expected earnings of $0.48 on sales of $904.7 million. The company actually reported EPS of $0.59 on sales of $946.7 million, beating EPS estimates by $0.11 and beating revenue estimates by $42.1 million. Shares of Green Mountain Coffee Roasters have climbed from $28.95 to $37.85, representing a gain of 30.7% since the company reported earnings 13 days ago.
In the past 52 weeks, Green Mountain Coffee Roasters share prices have been bracketed by a low of $17.11 and a high of $115.98 and are now at $37.85, 121% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 1.5%.
SmarTrend recommended that subscribers consider buying shares of Green Mountain Coffee Roasters on November 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.08. Since that recommendation, shares of Green Mountain Coffee Roasters have risen 30.2%. We continue to monitor GMCR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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Copyright, Comtex News Network, Inc. 2012
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