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.
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:
MonsterTradingAlerts.com issues momentum alerts on stocks that can provide gains to day traders. MonsterTradingAlerts.com provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. MonsterTradingAlerts.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals MonsterTradingAlerts.com is often in the know of several large investor awareness campaigns being deployed.