Posted On: 12/10/2013 11:56:45 PM
Post# of 2561
SBUX Daily Chart ~ Coffee Anyone? No Thanks, Not at This Price!
Personally, SBUX coffee has always been too bitter for me and too expensive. No doubt it's been a great stock to hold for a long time. I was asked for a quick read on the chart. As all can see, the stock broke under the MA50 which the share price has been riding as support for months. IMO, more traders use the 50 than the 100. But we'll see if the stock finds support at the 100 which is sitting at 75.99. I'll be watching for now as most indicators are dropping quickly.
Personally, SBUX coffee has always been too bitter for me and too expensive. No doubt it's been a great stock to hold for a long time. I was asked for a quick read on the chart. As all can see, the stock broke under the MA50 which the share price has been riding as support for months. IMO, more traders use the 50 than the 100. But we'll see if the stock finds support at the 100 which is sitting at 75.99. I'll be watching for now as most indicators are dropping quickly.
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