Starbucks Corp

AAA


Starbucks shares experienced an impressive 9.9% gain today as the company released better-than-expected quarterly earnings. As you can see from the chart below, these strong results propelled SBUX above a long-term resistance line ($32.25) - a level that we'd expect to act as an area of support in the event of a pullback. Other interesting points about today's chart is how it managed to close at an all-time high, and that it currently has very little overhead resistance to overcome before it is able to head higher.



SBUX_020206.jpg




comments powered by Disqus
Related Analysis
  1. Stocks And Their RSIs To Watch (DRC, GOLD, GPN, IOC)
    Stock Analysis

    Stocks And Their RSIs To Watch (DRC, GOLD, GPN, IOC)

  2. Oversold Stocks In Uptrends
    Stock Analysis

    Oversold Stocks In Uptrends

  3. Potential Short Squeeze Candidates
    Stock Analysis

    Potential Short Squeeze Candidates

  4. 5 Strong Small-Cap Stocks
    Stock Analysis

    5 Strong Small-Cap Stocks

  5. Strength And Value In Technology
    Stock Analysis

    Strength And Value In Technology

Trading Center