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SBUX trade ideas

Starbucks Near-Term BounceSBUX looks like it could be setting up for a nice bounce back into the $86-87 range. Then, as long as we hold a higher low, onwards to $90-$92. Weekly & Monthly charts are still showing a need for further correction, however, I do believe there is opportunity for a relief rally here. There was a lot of buying into the close today. Lets see what happens in the morning. Break above $82.65- Bullish. Break below $81.25- Bearish. Have a couple short-term options positions open. Lottery positions, either i'll lose a little or gain a lot. I still expect to see $65-75 prices before christmas.
NASDAQ:SBUX
by dcattey
3
$SBUX Starbucks meets expectations. Starbucks meet earnings estimates of 70 cents per share in its fiscal Q4 earnings report, up 13% year over year. Sales of $6.75 billion outpaced the $6.67 billion analysts were seeking, up more than 6% from the year-ago quarter. Shares are up 3% in the post-market on the news, and keeps its record of not missing earnings estimates since Q3 2015. Global comps rose 6%, up 5% in China. Shares aren’t cheap, but the market likes the results. Source Zackz.com Technically the stock is in the process of staging a reversal after a sizeable selloff, as the market rotation turned investors back towards tech. P/E ratio 29. Average analysts price target $96 | Overweight rating.
NASDAQ:SBUX
by RedHotStocks