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Starbucks Corp Crosses Above its 10-day MA (SBUX)

By Nick Russo

Today, shares of Starbucks Corp (NASDAQ:SBUX) have crossed bullishly above their 10-day moving average of $75.75 on a volume of 771K 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, shares of Starbucks Corp have traded between a low of $47.37 and a high of $76.95 and are now at $75.94, which is 60% above that low price. The 200-day and 50-day moving averages have moved 0.43% higher and 0.37% higher over the past week, respectively.

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