Cautious: Don’t be misled by the Post Title!!
Starbucks (SBUX) has been on fantastic bull run for the past 3 years. Is it still a good buy now?
A few notes for myself:
- Current price ($58.05) is also getting near to all time high of $63.23.
- PE Ratio = 34.88
- P/B Ratio = 9.95
- Daily Chart 2/5 EMA crossed down and testing 20D SMA.
- Weekly Chart Bearish Harami found at the top (near historical high resistance) and 2/5 EMA looks like going to cross down.
- 10 years chart show a nice Parabolic Curve since the run up in 2009 (Yummy!!!)