Monday, March 16, 2009

Starbucks Long Entry Signal

Long Entry signal for Starbucks (SBUX) with a break of the 20 day and 55 day price channel to the upside. Follows failed long breakout on 2/6 and short breakout on 3/6. Entry at $10.78 with stop limit at $9.72 and pyramid price at $11.31. July $12 Calls at 0.88 by 0.91

Trade at your own risk with proper position sizing and risk management measures.

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