11/03/16 Elliott Wave Update For Food Stocks: $BWLD $PNRA $CMG $SBUX

CMG – CMG may have seen an upward 4 at 382 after earnings, so there could be 1-2-3-4-5 down near completion before a bigger reversal.

SBUX – A = C target remains 50 before any kind of reversal bottom..it’s been lingering around the 52 range for a while.

PNRA – [ms-protect-content id=”61,117,1559″] PNRA needs to cross 200 in the short term, or a 5th wave would take out 192 to the 185 range

BWLD – Full 618 reversal after 5 waves down could target the 158-160 range on this move.[/ms-protect-content]