$SBUX short alert 49 bucks I am currently short $
Post# of 474
Posted On: 10/17/2012 10:22:10 AM
$SBUX short alert 49 bucks
I am currently short $SBUX via a day trade at 49.09 but there is also great resistance on a bearish retrace pattern. The 20 day and 50 day moving averages are solid resistance.
Should price close above the 50 DMA it signals a stop out exit. Downside target 1 is 47 and downside target 2 is 43.
[IMG]http://i.imgur.com/A9H9E.png[/IMG]
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