SBUX near $28
Wednesday, August 08, 2007
Shares of Starbucks were up more than 2% today to $27.72. Looking at the technical chart SBUX looks like it is ready to resume the downtrend that have formed since November of 2006. MACD and RSI is going positive. I am looking for a potential breakout above $28, as a bullish signal. The chart looks good but I'm waiting for a break above $28 with volume to give the Bullish sign. Keep an eye on SBUX for a possible breakout over $28.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Labels: SBUX
