Starbucks Up on Earnings, Green Mountain On Analyst Remarks
Posted on January 25, 2013 at 17:37 PM EST
The two big coffee stocks rose Friday after Starbucks (SBUX) posted strong quarterly results and bullish analyst comments lifted Green Mountain Coffee Roasters (GMCR). Shares of the coffee-house chain broke out of a cup-with-handle base Friday. Starbucks broke out in heavy trading, gapping past the 56.10 buy point of a cup with handle. Late Thursday, the company said it