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Roasted! -- (GMCR)

There’s nothing worse than some news to screw up good a bit of technical analysis! Green Mountain Coffee Roasters got spooked and entered plunge mode when a potential acquisition’s “K-Pod” product sales slowed. Personally I would rather boil my coffee in an old pot over a fire like the Marlboro Man, but obviously the disappointing K-Pod news was meaningful to someone.

Last time I looked at GMCR it was as a potential buy; that setup is now completely broken down, and the only question on the long side is are you brave enough to buy and hope support at around $80 holds?

GMCR announces earnings next Wednesday, April 28th.

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