$SBUX Unable to Breakout

9 Ağu 2016

SBUX was a MASSIVE winner in 2015, doubling its stock price. Since November of last year the stock has taken a breather. SBUX has been unable to sustain a breakout over its MA's. CMF seems to have bottomed out and is leveling off nicely. We will keep a close eye on this stock as the year closes out. I expect SBUX to regain momentum early 2017.

Short term = Neutral

Long term =Long