Monday, March 23, 2009

Starbuck Signals Another Pyramid Trade

Starbucks (SBUX) signaled a second pyramid entry signal after closing above $12.04. Second pyramid entry at $12.06 with a new stop limit at $10.92 and pyramid price of $12.63. July $12 Calls at $1.44 by $1.46.

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

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