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How to trade Starbucks ahead of earnings: Pro

With Starbucks gearing up to report quarterly earnings after the closing bell on Thursday, CNBC "Fast Money" trader Tim Seymour provided a look behind his trade on the consumer giant.

Shares of Starbucks, which have traded in a range between $70 and $83 during the past year, are up 14 percent within the same time frame.

Seymour, CIO at Triogem Asset Management, said that any trade down to $70 is a "buy" signal.

On the other end of the trade, Seymour said that he would be looking to take profits at the stock's first attempt to break through $83 per share.

Seymour, who owns shares of Starbucks and is bullish on the stock, listed a number of catalysts for the company.

"They have K-Cup sales growing at 24 percent," he said. "They have multiple brands that they are actually pushing through their channels."

International expansion, too, would be a key driver, Seymour added.

"People know about Yum. They know McDonald's," he said. "Starbucks will be growing multinationals, and this will be a big part of it."

By CNBC's Kristin Cwalinski

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