SIA Charts Daily Stock Report (siacharts.com)
The SIA Daily Stock Report utilizes a proven strategy of uncovering outperforming and underperforming stocks from our marquee equity reports; the S&P/TSX 60, S&P/TSX Completion and S&P/TSX Small cap We overlay these powerful reports with our extensive knowledge of point and figure and candlestick chart signals, along with other western-style technical indicators to identity stocks as they breakout or breakdown. In doing so we provide our Elite-Pro Subscribers with truly independent coverage of the Canadian stock market with specific buy and sell trigger points.
Note: Subscribers can screen all Canadian and U.S. stocks and mutual funds, or as components of equally weighted mutual fund sectors indices (e.g. Income Trusts, Precious Metals), and fund groups by issuer (eg. AGF, Dynamic, Franklin Templeton), all Canadian ETFs, ETF Families by issuer (iShares, Horizons, BMO) or as components of Equally Weighted ETF Sector Indices (e.g. 2020+ Target date, Cdn Equity Lg Cap), and create and monitor their own, or SIA's existing model portfolios. Finally, subscribers benefit from being able to generate BUY-WATCH-SELL Signals on demand with SIA Charts proprietary Favoured/Neutral/Unfavoured, SMAX scoring algorithm (see green-yellow-red graph 1 below).
STARBUCKS CP (SBUX) NASDAQ - Jan 28, 2013
GREEN - Favoured / Buy Zone
YELLOW - Neutral / Hold Zone
RED - Unfavoured / Sell / Avoid Zone
STARBUCKS CP (SBUX) NASDAQ - Jan 28, 2013
On November 30, 2012, SBUX was a new entry into the Favored zone of the SIA S&P 100 Report and was pressed up against resistance at $52.21. A move beyond this then sees $55.40 as the next resistance, a level that held twice this past summer. Support is at $47.29 and again below that at $41.99.
As of today, Starbucks (SBUX) is found in the 12th position of the SIA S&P 100 Report and has moved through two resistance levels since we last looked at it two months ago. Resistance at $61.17, its prior all-time high, is the first test and resistance above at $68.89 should it break through. To the downside, support is found at $52.21 and at $44.56.
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