• Return to Headlines

Starbucks Corp: 52-Week High Recently Eclipsed (SBUX)

By James Quinn

Starbucks Corp (NASDAQ:SBUX) traded today at a new 52-week high of $84.75. Approximately 843,000 shares have changed hands today, as compared to an average 30-day volume of 7.9 million shares.

Starbucks Corp (NASDAQ:SBUX) is currently priced 22.7% above its average consensus analyst price target of $63.96. Starbucks Corp shares have support at the 50-day moving average (MA) of $77.96 and additional support at the 200-day MA of $67.84.

In the past 52 weeks, Starbucks Corp share prices have been bracketed by a low of $47.37 and a high of $84.75 and are now at $82.70, 75% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.7%.

Starbucks Corporation retails, roasts, and provides its own brand of specialty coffee. The Company operates retail locations worldwide and sells whole bean coffees through its sales group, direct response business, supermarkets, and on the world wide web. Starbucks also produces and sells bottled coffee drinks and a line of ice creams.

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 24.0%. We continue to monitor SBUX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows starbucks corp

Ticker(s): SBUX