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Starbucks Corp: The Winning Streak Continues (SBUX)

By David Diaz

Starbucks Corp (NASDAQ:SBUX) traded at a new 52-week high today of $84.01. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 7.9 million shares.

Starbucks Corp (NASDAQ:SBUX) defies analysts with a current price ($84.01) 23.9% above its average consensus price target of $63.96. Starbucks Corp shares have support at the 50-day moving average (MA) of $77.25 and additional support at the 200-day MA of $67.23.

Starbucks Corp share prices have moved between a 52-week high of $84.01 and a 52-week low of $47.37 and are now trading 77% above that low price at $84.01 per share. The 200-day and 50-day moving averages have moved 0.66% higher and 0.65% higher over the past week, respectively.

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