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Starbucks: Is It the Stock Charts or the Caffeine That Is Making You Jittery?

Bruce Kamich

Prices tested and broke their February and August lows. Right now prices are showing weakness and a retest of the February low and possibly the August low around $53 is the risk right now." SBUX slumped even further to below $48 so a fresh look at the charts is warranted. In the updated daily candlestick chart of SBUX, below, we can see the bearish red candles as prices closed lower than the opening.