Starbucks (SBUX) showing strength today with shares in a multi-week base and nice risk/reward on a move back to the top of monthly value near $117. The monthly POC is at $114 but a nice trigger setting up at $113.25 with VWAP from the 9/10 highs to watch.  SBUX has explosive potential out of a weekly bull wedge back to new highs and then out to $140-$150. RSI is showing a positive divergence into the recent double-bottom at $110 and MACD had a bullish cross recently as momentum starts to shift a bit. A long squeeze is also setting up. SBUX has bullish options positioning in OI as well including sellers recently in the April $85 puts and December $110/$105 bull put spreads over 4000X. In early September we saw some massive call buys including the May $120, June $115, and November $120 strikes. Deutsche Bank upgrading to Buy on 10/11 citing valuation and BAML resuming coverage with a $135 PT as growth in the specialty coffee segment continues to outpace that of overall foodservice globally and few concepts have been able to achieve as meaningful of scale as Starbucks.