Posted On: 01/19/2014 4:02:43 PM
Post# of 2559
SBUX Daily Chart ~ Coffee Anyone? Still, No Thanks, Not at This Price
Link back to my last chart post of Dec 12 for SBUX when the stock was trading at 77.38. Although it was cheaper than at the 82.37 of a few weeks prior, SBUX is now trading at 74.90. After breaking under the MA50 and 100, the stock is getting near some horizontal support levels of previous lows and a gap to be filled at 72.00/73.00. Immediately below that is the rising MA200 at 71.36. With the FullSto and MACDs in oversold territory, I'll watch and buy a cheaper cup of coffee somewhere else for now. GLTA
Link back to my last chart post of Dec 12 for SBUX when the stock was trading at 77.38. Although it was cheaper than at the 82.37 of a few weeks prior, SBUX is now trading at 74.90. After breaking under the MA50 and 100, the stock is getting near some horizontal support levels of previous lows and a gap to be filled at 72.00/73.00. Immediately below that is the rising MA200 at 71.36. With the FullSto and MACDs in oversold territory, I'll watch and buy a cheaper cup of coffee somewhere else for now. GLTA
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