Green Mountain technical notes ahead of earnings

theflyonthewall.com

The stock is trading up over 2.2% at time of writing ahead of results. At the current price of $48.55, price has made it nearly all the way back to the top of the bearish gap down from early May of last year. That leaves the stock in more or less a neutral posture, having worked off that discount in just the last two months. Short interest days to cover has dropped from a peak of over 12 back in November, to just 6 now which is average for the shares. Next resistance is at $49.59. On a very good report, a first major objective would be the pivot high from March of last year at $57.57. Support on a dimmer view would be the pivot high at $43.79, and then at $42.60, another pivot high. Both of these have followed the bullish gap up from late November.

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