Coffee retailers like SBUX and GMCR looking weak
you know the chart of SBUX, but here's GMCR…looking weak. Coffee prices are on the rise, not helping those two retailers.
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.