Outside of being one of the most well managed companies on the market , technicals seem to indicate a short-term bump up is pending. Price action seems to indicate fairly strong support at this point. Looking four a move to around the $78 region before encountering some resistance. On the downside support seems to be strong at the $74 region. Volume seems to...
I am long SBUX at the moment and expecting it to retest and subsequently exceed the 2013 highs imminently, especially after Starbucks posted earnings of 67 cents per share on $4.15 billion in revenue versus the expected 66 cents on earnings on $4.14 billion. The stock currently has an average rating of “Buy” and an average target price of $87.33 (Via the ticker...
The support level built over the previous two days was broken pretty decisively at the open. The line previously in focus is still in play. Looking for price to break new support at last week's high( straight red line)
Price has been trading steadily within a long term bullish Uptrend Channel, since Jan 2011 up till today (24 July 2014) Price has recently trace from High of around $81.00 (26 Nov 2013) and found support along the Uptrend Channel Line. We also note a minor double bottom (31 Jan 204 - 16 May 2014) within the Channel. This indicates a reversal of the bearish...
$SBUX is bearish for first target to close the gap of daily chart. Resistant is also nice for short term reason for Bearish Strategy.
nice break up of wedge above previous high of the day. Check my idea on SBUX in the link below
Starbucks has found support at $68 area after it topped at $82. It attracted attention after it broke up consolidation and regained short term moving averages near $71 and caught some follow through momentum with gap above 100 and 200 EMAs. It took couple of inside days to regain some power and on yeasterday it broke this consolidation and triggered another...