Starbucks (SBUX) preview for March 26, 2015

Wednesday’s red candlestick engulfed the previous day’s one. The daily trend is neutral now. We need to see if today’s price action will have any continuation tomorrow. Longer-term the trend is clearly up as SBUX shares hit an all time highs last week. Last week’s low of $93.35 is the line in the sand for speculative longs.

SBUX daily (3 months):

sbux

Chart courtesy of http://www.StockCharts.com

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