shomikghosh2

SBUX Bounce of the 100 Day?

BATS:SBUX   STARBUCKS CORP
105 3 1
I like to keep technical analysis simple, sbux             made a clean break of its 50 day with next support at the 100 day which is at 76.29. This is one of those stocks that is a hedge fund darling with growth continuing to exceed expectations and the company itself INNOVATING in the COFFEE             space. I mean that is just unheard of. Coffee             and innovation. Because of this, I am thinking about entering a long soon with a stop right at the 100 day. This is a riskier one especially since sell-offs have been on huge volume but it could be lucrative
EricPietz
2 years ago
Check out the weekly chart dude and the monthly chart. You can stick a fork in SBUX for a long while. Its done. Buy puts.
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shomikghosh2 EricPietz
2 years ago
Hmm interesting. I looked at the weekly and monthly and can't form an opinion yet. On the weekly it's still holding above the gap and the montly is just some consolidation after a parabolic move. For me I'm waiting on some confirmation. But i definitely think puts could work as long as you have appropriate stops
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EricPietz shomikghosh2
2 years ago
Schultz also just sold out of a lot of shares at $80+.
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