Coffee Holding Rising Again

Coffee Holding Co., Inc.

shares had an incredible day yesterday, gaining more than 45% on a strong earnings report combined with strong technical analysis. Shares started the session down sharply today, as some profit taking was being seen at the open. Shares opened at $11.42, and touched a low of $11.23. Well since that moment, shares have rebounded, and are now solidly higher today, gaining 67 cents to $12.81, a gain of 5.52%‎ on more than 200,000 shares already. Yesterday volume spiked to nearly 4 million shares, which is nearly 10 times the average daily volume. Coffee Holding Co., Inc. operates as an integrated wholesale coffee roaster and dealer in the United States and Canada. The company offers three categories of products: wholesale green coffee, private label coffee, and branded coffee.