Starbucks Bullish Moving Average Crossover Alert (SBUX)
Starbucks (NASDAQ:SBUX) crossed over its 10-day moving average of $53.10 on a volume of 3.3 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, Starbucks share prices have been bracketed by a low of $42.05 and a high of $64.00 and are now at $53.58, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Starbucks on August 8th, 2016 by issuing a Downtrend alert when the shares were trading at $55.58. Since that call, shares of Starbucks have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Starbucks