SBUX Double Bottom targets $82 and beyond

I am long SBUX             at the moment and expecting it to retest and subsequently exceed the 2013 highs imminently, especially after Starbucks             posted earnings of 67 cents per share on $4.15 billion in revenue versus the expected 66 cents on earnings on $4.14 billion.

The stock currently has an average rating of “Buy” and an average target price of $87.33 (Via the ticker report website)

Please note that this is a long term trade, I am expecting to keep the position open for a good couple of months.

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