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After Yesterday's Decline of 1.26%, Starbucks Corp Offers Investors Better Value

By Shiri Gupta

Starbucks Corp (NASDAQ:SBUX) traded in a range yesterday that spanned from a low of $74.18 to a high of $75.75. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $75.41 on volume of 6.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Starbucks Corp share prices have moved between a 52-week high of $99.72 and a 52-week low of $50.02 and are now trading 47% above that low price at $73.41 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

Keywords: rebounders starbucks corp

Ticker(s): SBUX