SBUX - Big move coming

**Ticker:** SBUX

**Golden Setup Checklist:**

- Above key moving averages (8,21,50)
- TTM Squeezes on multiple timeframes (1h,2h,4h,D,2D,3D,W)
- No Earnings, Dividend Payout in the near future
- Catalyst: Earnings was not bad at all. Multiple analyst have buy ratings well above where the stock is trading right now.

**Ratings And Price Targets as of Nov 1st:**

-Cowen has an Outperform rating and a $125 target.
-Bank of America has a Buy rating and a $135 target.
-Wells Fargo has an Overweight rating and a $122 target.
-Wedbush has an Outperform rating and a $128 target.

- Rotation out of tech stocks could move SBUX in the next couple weeks.
- Daily bullish MACD cross
- Daily RSI curling up

BTO SBUX 12/17 115C @ 2.06
BTO SBUX 01/22 120C @ 1.80