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Keurig Green Mountain (GMCR) Stock: Something Good Is Brewing

NEW YORK (TheStreet) --The history of Keurig Green Mountain (GMCR - Get Report) is very interesting, but we will leave it for another day.

GMCR had a dramatic rise to its peak last year at $158.87 from its low in 2012 near $15. The slide over the past 12 months was perhaps more dramatic as GMCR touched $45.25 in August.

Coffee lovers can put away their French press as a bottom has been brewing the past two months.

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In this chart of GMCR (above), we can see a big downside gap in early August. Prices plunged and volume spiked. After the big gap, we saw prices stabilize, suggesting that the downside gap cleaned out any remaining weak longs.

Also you can see a bullish divergence with the momentum indicator rising versus nearly equal lows. And we can see a slightly rising On-Balance-Volume (OBV) line.

This longer-term chart of GMCR (above), shows the depth of the retracement in GMCR, and it shows prices as oversold as they were back in 2012.

In this short-term chart (above), we show a special reversal pattern with the long name: "a close above the high of the low week."

The low week was made in August and unless there...