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Technical Analysis
- 11/23/2009 8:46:21 AM
By Chip Brian, SmarTrend Analytics Team
Starbucks (NASDAQ:SBUX) upgraded to Buy from Hold at Jefferies. The stock closed Friday at $21.41 on volume of 6,476,014 shares, below average daily volume of 12,105,546.
Starbucks is currently above its 50-day moving average of $20.39 and above its 200-day moving average of $15.57.
SmarTrend is bullish on shares of SBUX and our subscribers received an Uptrend alert on July 20, 2009 at $14.70, which has returned 45.6% to date.
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