Friday, June 27, 2014

Starbucks' SBUX Break Past Key Technical Level Makes It an Immediate 'Buy'

Coffee chain giant Starbucks (NASDAQ: SBUX) has been good to its shareholders. In just five years, the stock ascended around 1,000% in a near vertical fashion into its November 2013 all-time high. But so far in 2014, the going has been choppy, as it has been for the broader stock market.
Recently, though, both the news flow and technical picture have taken on a much more constructive tone, and SBUX looks poised to make a run higher.  (more)

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