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Actionable news in SBUX: Starbucks Corporation,

Is Starbucks Gearing Up to Cool Down Under Pressure?

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Shares of Starbucks (SBUX - Get Report) have been trading in a very narrow range this month. This consolidation pattern began shortly after the stock took a heavy earnings-inspired hit back on April 22. By the close of that session, Starbucks was back below its 200-day moving average while leaving heavy supply behind in the process.

After a two-week rest, Starbucks may be heading for a fresh down leg as overhead pressure continues to build. The stock is still rangebound, but investors should be prepared for a deep pullback.

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Starbucks is far removed, at least time-wise, from its all-time highs. The stock peaked back in late October and...


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