28.0% Return Seen to Date on SmarTrend Starbucks Call (SBUX)
SmarTrend identified an Uptrend for Starbucks (NASDAQ:SBUX) on November 2nd, 2012 at $51.17. In approximately 8 months, Starbucks has returned 28.02% as of today's recent price of $65.51.
In the past 52 weeks, Starbucks share prices have been bracketed by a low of $43.04 and a high of $67.48 and are now at $65.49, 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.
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.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Starbucks shares.
Log in and add Starbucks (SBUX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Keywords: spotlights Starbucks