STARBUCKS - SBUX
Monthly chart shows downtrend in place. No buy signal off this timeframe chart.
Weekly chart shows narrow consolidation range. Downside momentum remains in place. 
Daily chart shows renewed selling on Thursday and Friday. The low at $25.25 is currently holding, but should break soon. IF and when the low breaks, THEN look for $21 and then $16.25 area as next downside targets.
Sunday, November 04, 2007
SBUX Analysis for 11.04.2007
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