David_Cox

SBUX - A Shortable Rally in a Downtrend

Short
BATS:SBUX   Starbucks Corporation
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1
Investors have a habit of trying to buy fallen leaders, and SBUX falls into that camp.

But with the stock bouncing up to the downtrendline and the moving averages weak (20D 70, it's sure not time to bottom fish! Time to take the position of the main trend, which is down in this case.

Comments

Agreed.
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