Sbux
Anyone else here follow Starbucks. I bought a small bit today @ 25.85 looking for a trade. It has not broken below support the last two days, has initiated a dividend, and the 50 day MA is moving upward.
Broken above resistance (26.70) today.
The stock closed yesterday at resistance. Has broken 27 several times intraday the last few sessions. As I am far from an expert in tech analysis, or trading for that matter, I'd be curious if anyone else has any thoughts on this stock.....
Looks like its been channelling down lately. Check out that candlestick from yesterday. Could be a breakout off that bullish flag its been making but looks as though it tried and failed yesterday. Lets see what happens...
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http://i42.tinypic.com/2db8cqd.pngThank you kindly for the replies. Being fairly new to trading I am always looking to learn anything I can from others.
SBUX hit a new 52 week high today. I don't know if it will hold but will be interesting to see if it holds above 27.53.