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SBUX

Starbucks - A Long Term Cup of JoeYou are looking at a WEEKLY chart of SBUX. Starbucks recently split the stock 2 for 1. The stock ran up into that split and is now digesting all that action. It has been lower for the last 3 weeks. But I expect SBUX will soon resume its trek higher. In late 2008 and early 2009, SBUX put it a Double Bottom. In early 2009, SBUX began going higher. It has never looked back and is still acting strong. August of 2010 was a good indication that UT 1 was intact. In October of 2012, after a six month downtrend, SBUX touched UT 1 and began UT 2. I included the red downtrend lines just to make a point . When the price of a stock closes above a downtrend line, it may be the right time to try going long. If you want to short a stock, you can try going short when the price closes below an uptrend line. The first red downtrend line I spoke about above was 6 months long. The second red downtrend line was also about 6 months long. The third red downtrend line (DT) has lasted 3 weeks so far. I can't tell you how long it will last but I will wait for a sign that SBUX is ready to go higher before I jump in. I feel obligated to say I am not willing to short at this point either. One hint into my own guidance for my own investments is that it looks as though SBUX may put in an "inside week" this week. It will take more time for the signal to be confirmed one way or the other. Let's talk about the dashed line I labeled the "Accelerated Uptrend". It is above UT 3 and is acting like an uptrend line all by itself with no relation to the solid line Uptrend Lines. If I were in SBUX at the moment, I would be watching this dashed line very closely. If SBUX closes below the dashed line I would sell some and try to buy back at UT 3. If you get stopped out on your repurchase at UT3, try again at UT 2. On the other hand, if SBUX closes above the DT line, it should be safe to try going long or adding to an existing position. Use a comfortable stop and keep an eye on the chart.
NASDAQ:SBUX
by TheTrendLineInvestor
SBUX- New Highs On Negative RS Divergence? Thanks Anyway 3-31 New Highs On Negative RS Divergence? Thanks Anyway, I'll Pass Talk to me at a support level. A downside break of the green trend channel support with conviction spells trouble in the short term. Speaking of Negative RS Divergence, Notice what happened to the most recent highs that took place on Neg. RS divergence? Its didn't last long before the stock rolled over from those highs. So, look at my chart of CNC and you now know why I say New highs on Negative RS divergence isn't a good thing. You want new highs with STRENGTH not feeble pushes For informational and educational purposes only Trade at your own risk, these are not recommendations.
NASDAQ:SBUX
by Amazingpowerpatternguy
2
Long SBUX For A Quick GainOutside 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.
NASDAQ:SBUXLong
by stephen.punwasi
Starbucks Mirroring 2013 Upmove, Second Wave Aiming for $97Price has been trading steadily within a long term bullish Uptrend Channel, since Jan 2011 up till today (24 July 2014) Price has recently trace from High of around $81.00 (26 Nov 2013) and found support along the Uptrend Channel Line. We also note a minor double bottom (31 Jan 204 - 16 May 2014) within the Channel. This indicates a reversal of the bearish retracement move, for a continuation of the general uptrend We note a similar double bottom (06 Aug 2012 - 22 Oct 2012) within a trend channel, which leads to price reaching around $81.00 (06 Nov 2013). We project that the price action now will attempt to proportionately replicate this upward movement once more, leading to a breakout. For price to breakout, it must successfully trade and sustain above the resistance band between $81.60 to $80.00 Theoretical Price Projection: $97.36 ( Proportional Projection of Retracement/ Up move) Time Span: Price should complete the up move by 30 Jan 2015 Price will also most likely respect and trade within the Uptrend Channel line, until a reversal pattern forms. Risk: There is a risk of bull trap, whereby price breaks slightly above the Resistance Band, trade back below 80.00 to form a Double Top Reversal pattern to reverse the uptrend. Like It, Share It, Follow It~
NASDAQ:SBUXLong
by BreakOutArtist
4