SBUX Bounce of the 100 Day?

11 בדצמ׳ 2013

I like to keep technical analysis simple, sbux made a clean break of its 50 day with next support at the 100 day which is at 76.29. This is one of those stocks that is a hedge fund darling with growth continuing to exceed expectations and the company itself INNOVATING in the COFFEE space. I mean that is just unheard of. Coffee and innovation. Because of this, I am thinking about entering a long soon with a stop right at the 100 day. This is a riskier one especially since sell-offs have been on huge volume but it could be lucrative