Can Starbucks Corp (NASDAQ: SBUX) Rally? Asks Market Timer Frank Kollar

May 29, 2008 (FinancialWire) (By Frank Kollar)

Shares of Starbucks Corp (NASDAQ: SBUX), having lost some 58% of share value over the past two years, are actually showing strength and with increasing volume as well.

Only two weeks ago we wrote that Starbucks was headed nowhere, fast. But every decline sees an advance eventually…well, at least usually. We also wrote that Starbucks would have to see a 240% rise in share prices just to get back to its 2006 highs.

But there may be some room on the upside for this beleaguered stock if it can close above resistance at about $18.70 a share.

Certainly there is lots of room to move higher, but make sure any buys include a stop. This stock could quickly fall of a cliff on any more bad news.

Fibtimer.com (http://www.fibtimer.com) currently has a position in Starbucks Corp in its Stock Timing Strategy.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.