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Starbucks Moving Up From Its Support Lines.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Juan Carlos Arancibia
Starbucks has closed four straight weeks above its 10- and 40-week moving averages as the stock recovers from a 31% decline it began at the start of the year.
The stock appears to be forming a double bottom; however, the second bottom is significantly deeper than the first, and the middle peak is far from the top of the base.
The espresso titan keeps enhancing its cachet with wireless Web access at its shops and adding music as part of its menu.
Quarterly earnings growth the past five quarters has averaged 38%, sales growth 27%. Three-year EPS growth ...
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