If you did not sell GMCR on November 18, 2014, you might make one mistake. It reached the end of Elliott Wave up-trend.
If you do not buy GMCR now, you might make another mistake. GMCR is reached the end of Elliott Wave down-trend. The new Elliott Wave up-trend will be started soon.
If you look at the 2 year chart of GMCR, you will see there is a Elliott Wave up trend starting from November 2013, and completed on November 2014. After that an Elliott Wave down trend was started from November 2014, and now it is closing to the end of this Elliott Wave down trend.
A new Elliott Wave up trend will be started very soon. The first wave of the new Elliott Wave up trend will be targeted at $120.
GMCR Non-GAAP EPS of $0.80, 1 cent more than the analysts expected;
GMCR will buyback its own stock up to $1 billion this year;
GMCR also setup a plan to reduce its costs;
All those information indicate GMCR will be back to up-trend soon.
Our GMCR target remain at $120
Sentiment: Strong Buy