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Starbucks Bullish Moving Average Crossover Alert (SBUX)

By Shiri Gupta

Today, shares of Starbucks (NASDAQ:SBUX) have crossed bullishly above their 10-day moving average of $54.99 on a volume of 2.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Starbucks share prices have been bracketed by a low of $42.05 and a high of $64.00 and are now at $55.31, 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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