Starbucks Bearish Moving Average Crossover Alert (SBUX)
Today, shares of Starbucks (NASDAQ:SBUX) have fallen below their 10-day MA of $55.42 on a volume of 2.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Starbucks share prices have moved between a 52-week high of $64.00 and a 52-week low of $42.05 and are now trading 31% above that low price at $55.13 per share. The 200-day and 50-day moving averages have moved 0.02% higher and 0.23% lower over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Starbucks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Starbucks in search of a potential trend change.
Keywords: moving crosses Starbucks