SBUX (Starbucks) Stock Chart

By Brett Goldstein on Jun 11, 2012

Here is a stock chart request from our reader Moshe. Remember it is only $5 for a chart read. Click here to request a custom made stock chart.

This stock has been a favorite for quite a while. I posted this stock as a buy when it was $38. http://www.thebulltrader.com/wp-blogpics/2006/sbux.png

The stock has had a nice ride and I think that we have seen the high for a while. The trend has ended and it recently crashed through its 50ma. The next stop may be its 200ma.

It looks like we’ve had a pullback to just below the main trendline (looking at a 9month chart).

Yes, there is a pullback but the trend has ended. I think this stock is going to be boring for a while.

It seems that if the stock can push back above the trendline it should have some room to run.

I think that even if it does push above the trendline, we will not make new highs.

Do you recommend buying at this point?

If you plan on holding long term then you always want to buy a little bit on pull backs. But lets watch the price action. I think the ride is over for a while.

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This entry was posted on Monday, June 11th, 2012 at 9:04 pm and is filed under Stock Charts. You can leave a response, or trackback from your own site.

2 Responses to “SBUX (Starbucks) Stock Chart”

By dr.robin on August 7th, 2012 at 4:30 am

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By PennyStocks123 on October 2nd, 2012 at 6:54 am

I agree with you on one point. I think that if the stock does somehow get above the trend line again, it definitely won’t hit any all-time highs, at least anytime soon. If you plan on investing a lot in this stock, I would hold off. Diversify your stocks instead.