andrew.berg
Long

SBUX caught some buying momentum

NASDAQ:SBUX   STARBUCKS CORP
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 entry. Hope we can see some continuation move.

Entry: $73.78
Stop: below $72.50
Target: $76 then $78
Ideas Scripts Chart