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SmarTrend Watching for Potential Rebound in Shares of Starbucks Corp After 1.26% Loss

By David Diaz

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.

In the past 52 weeks, shares of Starbucks Corp have traded between a low of $50.02 and a high of $99.72 and are now at $73.41, which is 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.3%.

Keywords: rebounders starbucks corp

Ticker(s): SBUX