Twitter

    register

Starbux Trade, Trading Earnings & Fundamental!

Trade Logic: Sbux(Starbux) made us 9% in two days- it was an earnings play. We alerted on our facebook page oneday in advance. Technically(chart), Sbux was consolidating and oversold with bullish Macd. As we bought shares, they went from $46 to $ 46.74. It was Sbux earnings reporting day, so we decided to hold it overnight since we were upbeat about Sbux future growth. As Earnings report came out ,Shares of Starbucks rose up to 8% in after hours trading. The roaster and marketer of specialty coffees reported a strong set of fourth quarter results after the close. We took some profits at $50 - a 9% profit, stock kept going up following two days as it can be seen in the chart.

All of the trade results above are illustrations of the principle.