Starbucks Corp

By root | February 01, 2006 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




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