GoMoRa
Long

SBUX - on the verge of recapturing its 2015 trend line

NASDAQ:SBUX   STARBUCKS CORP
12 0 0
I love how this stock has put the bears to shame. It's expensive, but its plans to double revenue and its use of technology to improve the business make it worthy of the high multiple. I don't know how much more this can run - maybe a lot. But in the face of enormous market volatility and numerous naysayers, this stock has managed to hit new 52-week highs and is on the verge of recapturing its aggressive 2015 trend line. Maybe the trend line will knock it down a bit, as it stopped right there yesterday. But I wouldn't be pressing any short bets on SBUX             right now.
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