SBUXCL trade ideas
SBUX flaggingLooks like SBUX trading within the fibonacci levels here. With some volume could make a run above the 89.29 level.
Starbucks short at supply. Sip your Frappuccino while it lastStarbucks has a clear marked supply zone near the 61.8% of the high and Low retracement level. Get ready your Frappuccino and Oreo cheesecake for a show !
Sell On SBUXI think we are in Very Strong Fresh Supply and Must Be Respected So Its A good Sell On Options and Stock / Have Good Trade With (Stop Loss)
Starbucks /technical analysisThe RSI study on SBUX has worked well, as it behaves very closely to the stock price.
A
Uptrend RSI & price
B
Downtrend RSI & price
C
Price consolidation & RSI uptrend
Fundamental
J.P.Morgan raised its rating on the SBUX to "overweight" at $94 FE.
$SBUX Starbucks Corp continue to buy what your selling. Entry level above resistance $89.39 = Target price $93.13
The company sees great value in their stock as the continue to buy back stock at the current levels and in particular on the most recent dip.
Average analysts price target $95 | Overweight
P/E ratio 30
Company profile
Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores. The Channel Development segment include sales of packaged coffee, tea, and ready-to-drink beverages to customers outside of its company-operated and licensed stores. The company brands include Evolution Fresh, Teavana, Tazo Tea and Seattle's Best. Starbucks was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985 and is headquartered in Seattle, WA.
$SBUX JP Morgan upgrades Starbucks Entry level $88.20 with target at the golden pocket at approx $92.50
JP Morgan upgrades the stock to overweight from neutral.
P/E ratio 28
Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores. The Channel Development segment include sales of packaged coffee, tea, and ready-to-drink beverages to customers outside of its company-operated and licensed stores. The company brands include Evolution Fresh, Teavana, Tazo Tea and Seattle's Best. Starbucks was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985 and is headquartered in Seattle, WA.
RBB to be formed in SBUXSBUX was one of the better performers in the overall market. The long term trend is positive and the short term trend is neutral. On a yearly perfomance, it beat 71% of 57 stocks in the eating and drinking industry.
On the daily basis chart, we are starting to see a rounded bottom pattern to be formed recently. Basically, with a rounded bottom, the pattern is formed when stock falls to find a bottom then trades in a tight range, and the price starts to turn higher. Now, this is where you need to pay attention if you are looking to use this pattern.
Based on the Fib Retracement I draw from the chart, there is a resistant line at 87.54 that signals a interim pullbakcs may occur. And there is also a support line below the current price that also overlaped with the red uptrending line and middle band of Bollinger which I think could be a decent entry to go long for SBUX, a stop order could be placed below this zone.
Besides the ATR indicator indicates the volatility of SBUX has been compressed lately showing a diminishing on the risk, and uptrending directional index(+DI) keeps on strenthening its momentum to the upward. On the sector side, SBUX related consumer staples is rising but not on high optimism over past few trading session also gives a plus to SBUX.
Update from last weekPosted this last week, looking to enter calls over trendline, should breakout this week
STARBUCKS COULD HIT 80Starbucks broke the hight, is making a correction and has a 90% chance of hitting 80, sooner of later
