SBUX breakout watch

Discussion in 'Stocks' started by Stocks4life, Mar 6, 2013.

  1. seems like coffee stocks been hot lately (KKD, DNKN)
    SBUX now very close to a new breakout with volume picking up

    BREAKOUT WATCH for possible breakout above 57.23, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 60.61, 6.1% Stop: 55.76, Loss: 2.3%, Profit/Loss ratio: 2.7 : 1 - Good

    CURRENT PRICE 57.1, at resistance, 56.51 ± 0.73, type double, strength 9

    RESISTANCE ABOVE None.

    SUPPORT BELOW -4% at 54.8 ± 0.71, type triple, strength 10
    -6.3% at 53.5 ± 0.7, type single, strength 1
    -10.3% at 51.22 ± 0.67, type triple+, strength 10

    Stock chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=SBUX
     
  2. I have been watching SBUX. BOT this morning at $57.58.