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CONSOLID FORMATION  |  July 24, 2000
Starbucks: Figure Charting For Price Support
Starbucks (NYSE: SBUX) looks well-positioned to test record highs in the neighborhood of 45 1/4 given its intermediate price momentum since May. A solid 10-day horizontal formation in the 39/40 area represents the early stages of a consolidation area that could be the springboard for a further climb.
by David Penn

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