SBUX Finally Looks Like Its Breaking Out

My Stock of the Day is Starbucks (SBUX)

This stock has been mired in a serious downtrend since hitting $40 in November 2006. But now the stock finally looks like it has put in a solid bottom and is ready to move higher.

The stock is breaking above its downtrend and 50-day average on very strong volume today. The fundamentals at the company have continued to be strong, and they still have a ton on international growth ahead of them.

I am long the stock, and think investors will rush to get back into this beloved growth story once a new uptrend resumes.

Other stocks making notable, high-volume moves include:

• Rising Stocks

RS, OMCL, JCI, DXPE, GES, IPAR, ASD, CERN, MT, ROLL

• Falling Stocks

MNT, CBC, RHI, ZION, COF, SIRF, TPX, ENER, MCD, AMR