Let Starbucks $SBUX Serve You Profits With That Latte

[Verified Investing]

Let Starbucks $SBUX Serve You Profits With That Latte Looking at the weekly chart of Starbucks (NASDAQ: SBUX), a good buy level for a swing trade is coming up at roughly $50. There are at least FIVE factors aligning at this level increasing the odds of a bounce here. A couple to note are the 3rd hit of an up-sloping trend line and a 0.618 fib retrace. $SBUX action today is very weak. It can’t catch a bid with the markets up, so it may hit the $50 level sooner than later. Be ready!

By Pro-Trader

Caralee Carlson