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Coffee Holding Co.Inc. (JVA) is in correction mode today after hitting $31 on Monday. I think JVA stock would be a good buy for a swing trade if we see a drop below $20. This may or may not happen but it is a situation worth watching. Coffee Holding Co.Inc. (JVA) reported blowout earnings a month ago and has been a huge momentum stock recently.
This article is from Sep 27, 2011 as JVA announced an offering at 10.40 a share
Coffee Holding Co., Inc. Announces Registered Direct Offering of Un...
JVA closed yesterday at 9.98 just above support located at the 200 day sma at 9.87. this stock has absolutely been pummeled since it reported earnings dropping from a high of 21.28 that day. This is a very volatile stock so be careful if you try to get in. If it breaks below the 200 day it may find support at 9.11 then 8.49. Resistance is at 10.90 then 11.25.
I think SBUX is a good short here. Its run too far in this market
41.45
anyone here having JVA?Gmcr has fallen more than 11% today.Anyone holding JVA or buying?
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