CalebDismuke
Long

Starbucks testing support at 52ish

NASDAQ:SBUX   STARBUCKS CORP
Technically speaking
A weekly close below the 52 level and the 100 WMA would likely put in play the 200 WMA currently around 44 as the next downside target.

Strategy
For longs-Buy here around 52.80 with a stop under 50ish. Targeting last years high print around 64. Below 50, more downside is likely.


Comment: Starbucks has held the 52 level. As long as that level holds, I like the potential upside.

I would exit below 47.50.

snapshot
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