octradr
Long

Starbucks in a slump

BATS:SBUX   STARBUCKS CORP
140 6 0
Starbucks             has been going up since 2009             and is currently undergoing a correction.
Earnings aren't until April             24th so there is a lot of time.
The dashed line is holding as resistance and once this is defeated expect the uptrend to continue.

Right now I would short as close to this line as possible and see where it takes us.
It is at resistance again. Let's see if it pushes through or collapses. If it doesn't push through I would expect a long downward turn. 3/10
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And now ?

Short !!!
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octradr vaicru
Been pretty bullish. May be too early. Keep stops around 76.25 if you do. 2/10 b4 close
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octradr octradr
EMA's just crossed to the upside on the hourly and they are close on the daily. Shorts be careful and now would be a good entry into a long position with support around 73.50. 2/13 b4 close
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short deeply yes
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Just a note - but mark your idea a "SHORT" instead of a "LONG" to avoid any confusion. Also, SBUX just reported earnings that were pretty disappointing from my perspective especially when considering low coffee and sugar prices. Just my perspective. I agree with your short strategy around that $76-77 level. Nice idea. Good luck. Tim
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