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

By Amy Schwartz

Today, shares of Starbucks Corp (NASDAQ:SBUX) have crossed bullishly above their 10-day moving average of $95.51 on a volume of 1.2 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, shares of Starbucks Corp have traded between a low of $51.47 and a high of $99.72 and are now at $96.23, which is 87% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

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 41.9%. We continue to monitor SBUX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses starbucks corp

Ticker(s): SBUX