pnra Archives - The Steady Trader

Panera Bread and Starbucks Ready For Selling Pressure?

If stocks start slumbering into a summer lull soon, it is likely that near-term extended sectors such as Consumer Discretionary stocks fall the hardest on a relative basis. Financials and Energy may fall less as discussed here. As such, we scoured the Consumer Discretionary stocks and found that Panera Bread (PNRA) and Starbucks (SBUX) could […]

Wednesday Morning Market Thoughts

Yesterday's intraday reversal at $1318.50 in the S&P 500 lifted the index so that it could close above the 50 day moving average. The 50 day moving average has not been well respected as of late, which is why we believe an area around $1300 would serve as better support for a bounce. Nevertheless the […]

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