SBUX Uptrend
By Johns Wu on Feb 23, 2006
SBUX has been rolling hard ever since its last earnings call.
It could be the beginning of a new uptrend. Look at the runup from Oct to Dec to see what I mean. Don’t fight the trend!
This entry was posted on Thursday, February 23rd, 2006 at 9:37 pm and is filed under Annotated Analysis.
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3 Responses to “SBUX Uptrend”
By DANNY on February 24th, 2006 at 12:31 pm
they’re ripping the cover of the ball in China.
SBUX was smart enough to take a stake in some tea companies down there (and test the waters) prior to mass rollout — it was a good move.
I expect SBUX to have a great 2006.
By Technicator.NET on February 25th, 2006 at 2:34 pm
The party already started for SBUX since the breakout gap. Good luck to SBUX longs.
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The last 4.5 years for SBUX has truly been incredible.
Up 325% since late September 2001. Last 2 weeks in Sept. 2001, SBUX was hovering at 17. After a run-up, a split, and another run-up, that $17 share is at $72.34 today.