NASDAQ:SBUX   Starbucks Corporation
Directional Bias: Long
Price Target: 62
Good Entry: 54-56
Risk/Reward: $2 max risk/$7+ reward

Bill Ackman on the comeback grind coupled with good technicals/price action. The daily 50 sma is providing rising support currently above 55. Trade Valid as long as 54 holds.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.