|10:06 EDT||GMCR||Green Mountain breaks out, new bullish pattern now active|
The stock is one of the stronger movers this morning, trading up over 4.3% at time of writing. There is a new bullish pattern on the daily chart, a bullish flag, that became active this morning as a result of the move higher. The pattern was triggered when price rose above the $37.48 area. The flag has the potential to reach the $44 area, if it remains active and completes. The pattern would not be active below the $37.50 area.