Rally in Green Mountain Coffee Roasters Continues on Tuesday

Shares of Green Mountain Coffee Roasters

have been surging in recent trading sessions, and the stock has tacked on nearly 32 percent over the last five trading days. On Tuesday, that rally is continuing, with the stock rising better than four percent to $31.67 at last check. Volume has been heavy once again, with around 13 million shares trading hands already on the day compared to a 3-month daily average of 7 million. On a technical basis, GMCR is starting to look overbought on a near-term basis, with a RSI reading of over 78. The stock is also trading around 25 percent above its 20-day moving average and 41 percent higher than its 50-day moving average. Shares, however, are still nearly 20 percent below their 200-day moving average despite the big rally. Green Mountain Coffee Roasters, Inc. (GMCR) is engaged in the specialty coffee and coffee maker businesses.