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Starbucks Corp Bearish Moving Average Crossover Alert (SBUX)

By Amy Schwartz

Today, shares of Starbucks Corp (NASDAQ:SBUX) have crossed bearishly below their 10-day moving average of $83.95 on a volume of 828K 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.

In the past 52 weeks, Starbucks Corp share prices have been bracketed by a low of $57.69 and a high of $99.72 and are now at $83.80, 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 1.1%.

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

Keywords: moving crosses starbucks corp

Ticker(s): SBUX