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Traders Take Note: Starbucks Corporation (NASDAQ:SBUX) Stock Drops, Weakness in Technical Momentum – CML News

There can be a contrarian urge to enter a new long position as the stock drops, but as of this moment, the stock price is moving lower and may yet weaken further. If a reversal becomes apparent, waiting for that strength in the technicals may be more prudent than jumping in as the stock drops.

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