Starbucks Gets a New CEO; Stock Perks

$SBUX

Been staring at the SBUX 0.00%↑ chart since last weeks news that a second activist was involved in the name. The pre-market pop is filling the April gap almost to the penny, and renders this as nothing more than a watch for me for now.

The 200 day is around $85, and once the dust settles on today’s action I think it will be important for a hold around there before considering any long positions. There is quite a bit of overhead supply from $90-100.

More to come…