Not taking any side but here is what I found on the net: Trump supporters vow to boycott Starbucks over CEO's plan to hire refugees http://www.foxnews.com/food-drink/2...tarbucks-over-ceos-plan-to-hire-refugees.html
Those boycotters are idiots. But SBUX on the other hand, seems all too eager to jump to supporters of liberal politics. Funny action from Schultz, who is stepping down but not wanting to do it quietly. I guess I understand that he would be more interested in his legacy now, than increasing business.
Shares of Starbucks ($SBUX) saw some pre-market strength after Deutsche Bank upgraded its rating on the company’s stock to Buy from Hold.
I swear, this stock is super f'ing annoying. Awesome chart initially, but I get scolded for holding for more than one day? So dumb
According to Seeking Alpha, the number of "regular coffee drinkers has spiked to 62% this year, a healthy 5% increase from 2016". Does it mean that 62% people drink coffee or? Source: https://seekingalpha.com/article/4082797-starbucks-buy-weakness
Bought 16 SBUX AUG 18 2017 62.50 C @ .20 this morning. I think the 200MA & trendline call for a bounce here
Might be a good call, love trying out the bounces off MA's and this level has acted as support and resistance a few times over the past 9-12 months
Meh Make my own cappuccino and espresso with one of these and a bean grinder...and don't have anyone with an attitude in my face. https://www.amazon.com/gp/aw/d/B000...e+espresso&dpPl=1&dpID=41-TTbN8IVL&ref=plSrch
Looking for it around there. This might an interesting one for Wyckoff theory (@Onepoint272 , @Jrich ). I'm thinking this is a re-accumulation range, but the backup (BU) to 20-week moving average failed, so time for re-re-accumulation. Weekly chart (20-week ma in purple): Also resting right on this old uptrend line
I don't go to Starbucks anymore, too many mom and pop coffee shops that I can get drinks for cheaper prices and similar if not better quality
You probably also recognize that this past week could have been a Sign of Weakness (SOW). The action had wide price range, a low-end close, and exceptional volume and it occurred in the right-hand side of the trading range. On the other hand, much of the trading in this range occurred below Preliminary Supply (PSY) making me tend to agree that it may be re-accumulation. I guess we wait and see the follow-thru and see if the reaction back up is on decreasing volume. What you labeled as a back-up to the 20MA is a good observation...but what I like better is that it backed up into the axis line established when preliminary supply came into the market. That line is where I'd expect supply to come in on a failure to cross above it, and supply did come in. Something else: That PSY went down into the infamous August 24, 2015 low. That's a sore thumb that wants to get thumped again, just like it is on the Ford chart. It's gonna get tested. Weekly:
No Sir Ordered some SPY calls on Thursday and got burned on Friday...lol Long shot but I had to take the risk. Friday's have usually been bullish lately but I didn't figure in all the ER's
Starbucks is shuttering all 379 Teavana stores, most by next spring. Adam Levy (TMFnCaffeine) Jul 30, 2017 at 8:16AM The death of the American shopping mall just took another victim. Starbucks (NASDAQ:SBUX) announced with its third-quarter earnings results that it will close all 379 Teavana locations over the next year. Starbucks bought Teavana in 2012 for $620 million, and modestly expanded its store count over the last five years. But as mall traffic falls and Starbucks struggles to live up to expectations for comparable-store sales, it's cutting some of the fat.
I'm worried that the inability to break through 57 while markets are at ATHs makes me feel like this goes lower on any market weakness
