brianmontgomery
Short

Short set-up on SBUX

NASDAQ:SBUX   STARBUCKS CORP
23 0 2
SBUX             has fallen through support of 55.20 or so and is continuing its bearish trend . Entry can be placed below the low of today and a stop either above today's high, or more tightly at the 55.20 mark. If it goes bearish , it doesn't have much support until it gets down to the 53.40 zone so it could turn out to be a nice little short.

This analysis and trade set up is part of a trading challenge where I indicate trades only with the EMA50. I am paper trading these set-ups and am not an actual buyer or seller of this equity.
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