10/31/16 – Elliott Wave Updates For Top Food Stocks: $BWLD $PNRA $CMG $SBUX

BWLD – Could be 5 waves up right into resistance, or the start of a full upward 618 retrace back to 158-160

PNRA – If PNRA breaks 185 it may see 178-180 in a full 5th wave 618 X w1 + w3 to the downside

CMG – [ms-protect-content id=”61,117,1559″] Forming a 5th wave down which could target as low as the 350 range

SBUX – 5th wave down would target the 50 range before any kind of reversal. [/ms-protect-content]