Along the way Starbucks shares violated some crucial technical support areas, which is just one reason why, in my eye, this name has plenty of downside in store. Before digging into some charts, I would like to be clear that whenever I see an opportunity to bet against a stock, the time frames of those “trades” are usually short term, to at most, intermediate-term, in duration, i.e. Case in point, in the longer run, SBUX stock is still an interesting equity to own, but the near (to possibly intermediate-term) offers a better reward-to-risk opportunity on the short side, …read more
Source:: Yahoo Finance
