Starbucks Corp. (SBUX) opened at 26.99. So far today, the stock has hit a low of 26.93 and a high of 27.15. SBUX is now trading at 27.00, down 0.69 (-2.56%). The stock hit its 52 week high of 40.01 in November and set its 52 week low of 25.22 in June. SBUX made up a lot of lost ground at the end of the year, but in 2007 the stock has sharply fallen, gaining some ground over the last few weeks. Starbucks shares have been slipping today after a Banc of America Securities analyst downgraded the stock to sell from neutral, citing slowing growth. The broker also cuts his target price to $23 from $27. Technical indicators for the stock are bullish and steady while S&P gives SBUX a positive 4 STARS (out of 5) buy rating. If you’re looking for a hedged play on this stock, consider a November bear-call credit spread above the $30 range. SBUX stock could rise up to 11.1% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]