Long SBUX For A Quick Gain
Outside of being one of the most well managed companies on the market , technicals seem to indicate a short-term bump up is pending.
Price action seems to indicate fairly strong support at this point. Looking four a move to around the $78 region before encountering some resistance. On the downside support seems to be strong at the $74 region.
Volume seems to have found it's footing, and accumulation is on the rise.
MACD Histogram is clearly indicating a bullish run, and the fast line is making a bullish cross.
Price action seems to indicate fairly strong support at this point. Looking four a move to around the $78 region before encountering some resistance. On the downside support seems to be strong at the $74 region.
Volume seems to have found it's footing, and accumulation is on the rise.
MACD Histogram is clearly indicating a bullish run, and the fast line is making a bullish cross.
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