SBUX came up with a solid results yesterday. The stock has been beaten up badly recently. The fair price for it should be around $58 in the current market. Yesterday it hit 52 weeks low. Today is the first day that it is showing signs of life. I believe SBUX is a solid stock for long term investment and also short term swing trading. I see SBUX trading at least at $54 in a week and much higher in 3 to 6 months if market tends to rally or stays flat.Defensive way of trading to sell weekly or monthly PUTs at $53 and lower. It seems that today it wants to have a clean close at $53 but yesterday AH, it also hit above $55 for seconds. Do your own research before getting into any trade.
SBUX for swing trading and long term
- Thread starter hajimow
- Start date
Hard to say, if Trump wins it's hard to predict anything,
I would predicts a lot of unhappy liberals. College professors, hollywood actors, government employees who are otherwise unemployable, illegal immigrants, the listy goes on.
I agree and that is why I said SBUX will go up "if" the market tends to rally or stays flat. I did not add if the market goes down. I also considered it as a swing trade and not day trade. Personally I think Hillary will win and on Nov 9th market will rally 1.5% at least.
Looks like that, at least the probability of her winning is 80% as of now.