by Serge Berger | Jun 13, 2011 | Uncategorized
you know the chart of SBUX, but here's GMCR…looking weak. Coffee prices are on the rise, not helping those two retailers.
by Serge Berger | May 18, 2011 | Uncategorized
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...
by Serge Berger | May 18, 2011 | Uncategorized
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...
by Serge Berger | May 16, 2011 | Uncategorized
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...
by Serge Berger | May 16, 2011 | Uncategorized
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...
