  We address the origin of bead-like edge states observed by scanning tunneling
microscopy (STM) in moir\'e patterns of graphite. Low-bias scanning tunneling
spectroscopy measurements indicate these edge states are centered around AB
stacking sites, contrarily to the common assumption of them being at AA sites.
This shift of the intensity of the beads with respect to the bulk moir\'e
pattern has been corroborated by a tight-binding calculation of the edge states
in bilayer nanoribbons. Our results are valid not only for graphite but also
for few-layer graphene, where these states have also been recently observed.
