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




You May Also Like

Related Analysis
  1. Investing Basics

    Why did Howard Schultz decide to keep Starbucks a chain rather than allow franchising?

  2. Stock Analysis

    Energy Transfer Could Learn From Williams Cos.

  3. Stock Analysis

    Is Enterprise Product's Stock a Buy Today?

  4. Stock Analysis

    Can AMD Regain GPU Market Share From NVIDIA?

  5. Stock Analysis

    Whole Foods Isn't Afraid to Leap in New Direction

Trading Center