• Return to Headlines

Bullish Moving Average Cross by Starbucks Corp (SBUX)

By James Quinn

Starbucks Corp (NASDAQ:SBUX) crossed over its 10-day moving average of $70.51 on a volume of 300K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Starbucks Corp share prices have been bracketed by a low of $47.37 and a high of $72.18 and are now at $70.67, 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Starbucks Corp on January 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.90. Since that recommendation, shares of Starbucks Corp have risen 4.8%. We continue to monitor SBUX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses starbucks corp

Ticker(s): SBUX