Will alcohol sales reignite SBUX into a new, long term uptrend?
Upside potential to repeat the rally that occurred into the start of the Cup&Handle consolidation/accumulation from 82-68.
Dips to 82-81 are good buying opportunities.
$5 stop loss from entry.
Tim 87.26 last
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...
Waiting for entry after break Resistance Line or take some risk. Target price around $83
*Trade by your own risk and please define a stop loss before trade.
Waiting for entry after break Resistance Line or take some risk. Target price around $83
*Trade by your own risk and please define a stop loss before trade.
In 2012 SBUX took a rest from it's bull advance. Looking at this chart you can see how there is some mirroring of this event currently. Could May have been the beginning of a new year+ long run up?
took a small short position in Starbucks
as it is now trading below the jaw line.
Fundamentally coffee futures on weekly and
daily are bullish. This rise in coffee prices will
effect their margins IMO. Add to that the amount of
retail space leased I look for price pressure on this stock
After solid ER this week shares of SBUX spiked up to 83 in after hours trading and fell to 78.0 area. Short term price trades in the channel up going higher from long term bullish TL (in Green). I see a double bottom formation with a little throw back similar to that formed a year before. Golden Cross of 50 above 200 MA show a bullish potential. I opened long...
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...
