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Stock Investors Sell Off Shares of Coffee Holding, Down 9.5%

Published on Mon, 03/18/2013 - 10:13
By Robert Cotter

One of today's notable stocks in decline is Coffee Holding (AMEX:JVA), down 9.5% to $6.99. The Dow is down 0.2% to 14,482 and the S&P is currently down 0.5% to 1,554.

Coffee Holding has overhead space with shares priced $6.99, or 30.1% below the average consensus analyst price target of $10.00. Coffee Holding shares should encounter resistance at the 50-day moving average (MA) of $7.45 and support at its 200-day MA of $6.83.

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.

Over the past year, Coffee Holding has traded in a range of $4.88 to $14.09 and is now at $6.99, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

By Robert Cotter
rcotter@fnno.com

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