Hungarian Bull
Short

Starbucks SBUX: a falling from the right shoulder

NASDAQ:SBUX   STARBUCKS CORP
143 0 0
Structure:
There is a head & shoulders pattern with a quite steep neckline indicating a tough fall. We can see a support at 69,90,
however, considering the harsh bearish push of late,I assume, the downtrend will rally down to the next support
at 67,00 in a week time.

Note: As the chart shows, SBUX             has a charming yield that raised to 1.23%. (The all time high was 1.56%)
According to Yahoo             Finance, SBUX             has a dividend growth of 21,35%.
20/27 analyst recomend to buy it and the avarage target price is 88,87 as Marketwatch estimates.

Cheers.
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