U.S. Markets closed

Starbucks Looks Extended on the Upside - Lock in Some Gains

Starbucks Looks Extended on the Upside - Lock in Some Gains

Prices are extended on the upside and stretched versus the popular moving averages. SBUX has not built a top pattern or distribution pattern so I do not anticipate a v-reversal or sudden collapse. The stock was mentioned last night on Mad Money as one company Jim Cramer would recommend if the economy slowed.