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 […]

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 the stock is just dropping out of the formation to […]

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 move.