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Friday, March 23, 2012

Consumer Staple Stocks Jump (LBY) (PEET) (LWAY) (IPAR) (FARM)

Libbey Inc. (AMEX: LBY): fell by 0.61% or $-0.08/share to $13.02. In the past year, the shares have traded as low as $9.45 and as high as $17.43. On average, 93253 shares of LBY exchange hands on a given day and today's volume is recorded at 19215. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $13.82 represents resistance and the 200-day moving average of $12.62 would be an area of support.

Peet's Coffee & Tea, Inc. (NASDAQ: PEET): traded higher by 5.63% or $4.07/share to $76.31. In the past year, the shares have traded as low as $44.78 and as high as $72.29. On average, 115475 shares of PEET exchange hands on a given day and today's volume is recorded at 311300. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $67.12 area where the stock will likely see buying pressure.

Lifeway Foods, Inc. (NASDAQ: LWAY): traded higher by 3.08% or $0.28/share to $9.36. In the past year, the shares have traded as low as $8.51 and as high as $11.90. On average, 8906 shares of LWAY exchange hands on a given day and today's volume is recorded at 3862. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $9.78 represents resistance and the 50-day moving average of $9.25 would be an area of support.

Inter Parfums, Inc. (NASDAQ: IPAR): traded higher by 3.72% or $0.56/share to $15.63. In the past year, the shares have traded as low as $13.75 and as high as $24.80. On average, 92398 shares of IPAR exchange hands on a given day and today's volume is recorded at 77176. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $16.58 area where the stock may encounter resistance.

Farmer Brothers Co. (NASDAQ: FARM): traded higher by 3.22% or $0.37/share to $11.85. In the past year, the shares have traded as low as $4.43 and as high as $13.38. On average, 59292 shares of FARM exchange hands on a given day and today's volume is recorded at 8000. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $11.17 area where the stock will likely see buying pressure.