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pipstrading
Apr 23, 2016 9:39 AM

Long Starbucks if it drops to $45 Long

Starbucks CorporationNASDAQ

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if you are a coffee lover, isnt it a good hedge of rising coffee price to long Starbucks share? :)

Starbucks is another good US stocks that rally over the years like Walt disney.

if starbucks retrace to $45 level then forms a bullish BAT, a very good price to buy. Target at $74 by end of 2017. that translates into an annual return of ~40%. seems more attractive then buying Walt Disney (wild guess of 20% annual return till end of 2019).

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