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  #1  
Old 08-17-2007, 04:19 PM
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SBUX weird chart

I am thinking it goes up from here...anyone else ?

http://finance.yahoo.com/charts#char...urce=undefined
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Old 08-17-2007, 04:34 PM
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I'm seeing a double top on 7/24 and 8/10 both times failing to stay above the SMA 50 breakout.

It looks to be still downtrending. Next support levels are $25.22 short term and just above $23 long term. Can't say I see anything good until it breaks strong over $28.60 and bounces off the then uptrending 50 SMA.
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