Replies to post #165143 on Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Hi winbond: I suspect EastBay is sleeping. You ask if SBUX is a "good play." It really depends on your trading style. i.e. if you're a long-term investor, a swing trader, [2-5 days] or a daytrader. Determining your trading style will help greatly in answering your question...and profiting. I'll give you an analysis via the SBUX chart: The monthly has moved from well under 10, perhaps 6, to 30+, a nice % gain. The stock is clearly in a mark-up phase with the 10, 20 and 40 m/a's rising. The weekly chart is similar...a run from approximately 20 to an intra-week high of 30.88, a 50% gain. The daily chart is a bit of problem. The 10 and 20, after a nice move, has flattened out but the 40 day m/a is still rising and has held. The stock has been moving sideways for the past month. This may suggest a short-time distributional top with a pullback likely. I'd be concerned if SBUX broke the 40 day m/a roughly sitting at 29.60. Friday was a fine day, as it was for many stocks. If you have a nice profit in SBUX you might consider a few sell stops to protect profits