Starbucks (SBUX) is hanging out in a wedge pattern near the upper band of a three year channel. Keep an eye on price action over the next week, as the daily chart is on bar 7 of a buy setup… but time and price say time is running out for a rally. If the stock cannot rally over the next week, then 47-48 may be likely first target (lower bollinger band and 200 dma).
Starbucks (SBUX) stock price chart with support and resistance levels as of July 3, 2012. Â Starbucks stock ticker SBUX.Â
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