SBUX Divergence
By Johns Wu on Jun 26, 2006
SBUX, Starbucks Corp., caught my attention because I spotted a divergence on the chart.
As SBUX comes up toward the 50DMA, we will get a chance to see how the market sentiment on SBUX is. If SBUX is bullish, it will successfully breakthrough the 50DMA.
This entry was posted on Monday, June 26th, 2006 at 2:28 am and is filed under Stock Charts.
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3 Responses to “SBUX Divergence”
By JWU on June 26th, 2006 at 4:59 pm
hey,
yeah bearish divergence isnt a guaranteed indicator. however, im just curious how SBUX has been rebounding in june while the obv is downtrending.
the key to analyzing SBUX will be to look at how it behaves at the 50DMA.
By Investing Idea on June 27th, 2006 at 5:03 pm
I am bearish on SBUX. Looks like it has formed a bearish head and shoulder.
thanks
Investing Idea
http://investingidea.blogspot.com
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COULDN’T YOU SAY THE SAME THING ABOUT A BEARISH DIVERGENCE ON DOZENS OF OTHER STOCKS IN THAT INDEX? SBUX SEEMS TO HAVE MIMICKED THE NASDAQ COMPOSITE PRETTY CLOSELY AND I’M NOT SURE I UNDERSTAND HOW YOU CAN EVALUATE THE MARKET SENTIMENT FOR THE COMPANY BASED ON A BEARISH DIVERGENCE THAT ALMOST ALL OF THE NASDAQ IS SEEING…AM I OFF BASE?