It could close below 60. It's not a bad stock, but the price is now too high for anything less than spectacular growth, which is unlikely. I'm tempted to short SBUX and just haven't decided whether to do so now or next week.
Actually, I just bought a couple of puts. The outlook was more bullish several weeks ago and the stock has gone up about seven points since then. The outlook now is less rosy than it was then, yet the stock is near 60, which has been strong resistance. IMHO SBUX is now a sell. Whether it's a short depends on what someone is willing, but IMHO it shouldn't be bought here.