This stock has had a killer 2013 but as of recently with the spike in JJO (Coffee) and the minor collapse in SBUX one can begin to look for a pair trade with long JJO, Short $SBUX. We shall see how this develops but as of now, the bias is to the short side and the case could easily be made for a bear flag in SBUX now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.