stephen.punwasi
Long

Long SBUX For A Quick Gain

NASDAQ:SBUX   STARBUCKS CORP
39 0 1
Outside of being one of the most well managed companies on the market , technicals seem to indicate a short-term bump up is pending.

Price action seems to indicate fairly strong support at this point. Looking four a move to around the $78 region before encountering some resistance. On the downside support seems to be strong at the $74 region.

Volume seems to have found it's footing, and accumulation is on the rise.

MACD Histogram is clearly indicating a bullish run, and the fast line is making a bullish cross.
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