The narrative of the stock market hasn't changed, Jim Cramer assured his "Mad Money" viewers Thursday, but the prices you have to pay for it certainly have. Fortunately, savvy investors may have used Thursday's weakness as a buying opportunity. Think of it as a Halloween sale. Starbucks (SBUX) is one company Cramer cited at the top of his program that may be worth buying now.
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Let's review the charts and indicators of SWKS.
What stands out is the multiple bearish indicators and price action.
Just as the February highs near 3,400 were exuberant the March lows near 2,200 were irrationally pricing in a near worst-case-scenario on the virus front.