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Bullish Moving Average Cross by Starbucks (SBUX)

By David Diaz

Starbucks (NASDAQ:SBUX) crossed over its 10-day moving average of $55.31 on a volume of 2.2 million 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, shares of Starbucks have traded between a low of $42.05 and a high of $64.00 and are now at $56.11, which is 33% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.23% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Starbucks and will alert subscribers who have SBUX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Starbucks

Ticker(s): SBUX