Heads Up On Starbucks!

Heads Up On Starbucks!

As we mentioned here yesterday, SBUX is displaying a nice narrowing trading range, also know as a bullish pennant.  The pattern usually resolves to the upside, but should it break to the downside could lead to a quick and violent move.  As of this writing...
Starbucks Brewing Up A Nice Chart

Starbucks Brewing Up A Nice Chart

Starbucks (SBUX) is brewing up a beauty of a pennant pattern.  Bullish pennant pattern such as these break up and out of the pattern by definition.  A breakout in either direction of the pennant however could lead to a fast and furious...