Buy Setup For Starbucks

At the close on 8/8/14 a buy setup was signaled for Starbucks (SBUX) from Twitter momentum. The signal is generated by 7 Day momentum from the Twitter stream breaking above its down trend line after a positive divergence lasting three weeks.

At the close on 8/8/14 a buy setup was signaled for Starbucks (SBUX) from Twitter momentum. The signal is generated by 7 Day momentum from the Twitter stream breaking above its down trend line after a positive divergence lasting three weeks. It comes as SBUX is bouncing from its 50 day moving average. The stock has consolidated gains after a rally out of the April lows and appears to be continuing the uptrend with support from traders on Twitter.

A break below the newly established uptrend line will close the signal.

You can see more info about trading with social media and how the indicator is calculated here.

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