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Coffee Holding Makes a Move: Up 1.2%

Published on Thu, 03/28/2013 - 10:24
By Peter Chu

Coffee Holding (AMEX:JVA) is one of today's notable stocks on the rise, up 1.2% to $6.75. The S&P is trading fractionally higher to 1,565 and the Dow is trading 0.2% higher to 14,561.

In the past 52 weeks, Coffee Holding share prices have been bracketed by a low of $4.88 and a high of $13.35 and are now at $6.75, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

Coffee Holding (AMEX:JVA) has potential upside of 48.2% based on a current price of $6.75 and analysts' consensus price target of $10.00. The stock should find initial resistance at its 200-day moving average (MA) of $6.81 and further resistance at its 50-day MA of $7.35.

Coffee Holding Co., Inc. is a wholesale coffee roaster and dealer. The Company's primary business is roasting, blending, packaging, and distributing coffee for sale under private labels and their own brands for companies throughout the United States and Canada. Coffee Holding also sells unprocessed green coffee to specialty gourmet roasters and sells branded coffee.

By Peter Chu
pchu@fnno.com