New York (December 18th, 2012) - Coffee Holding Co. Inc. (NASDAQ: JVA), an integrated wholesale coffee roaster and dealer in the U.S., is seeing a pullback in mid-day trading today after rallying nearly 12% on Monday. JVA rallied on Monday after the acquisition of Caribou Coffee Company Inc. by a German company fueled speculation that JVA could also become a takeover target.
JVA is currently trading 2.17% lower at $7.67 on volume of 178,845, which is slightly above the daily average volume of 171,465. JVA crossed its 200-day moving average on Monday following the rally. This is a bullish signal. The stock is likely to face resistance at around $8.
Find out where JVA could be headed by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=JVA
Central European Distribution Corp. (NASDAQ: CEDC), operating primarily in the alcohol beverage industry, is flat in mid-day trading today. At last check, CEDC was trading at $1.64, unchanged from Monday.
CEDC has been struggling over the last few weeks. The stock has slipped more than 13% since November 26. Last week, the stock hit a 52-week low of $1.46. It has made a recovery since then; however, it could struggle to break through $1.70 resistance level.
CEDC had last month announced that it engaged Houlihan Lokey Capital Inc. as a financial advisor. The company also reported its third-quarter financial results last month.
Get the latest updates on CEDC by getting the free full report here:
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