Thursday, September 13, 2007

starbucks straddle


Starbucks might be in for a good three to six month straddle at $27.50. The Bands are closer than they were before their most recent breakout. The volume has dried up. The Average true range has also shrunk. I believe there will be a breakout. I obviously just don't know which way which is why I am suggesting a straddle. A chart is below.

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