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




You May Also Like

Related Analysis
  1. Stock Analysis

    Does It Still Make Sense To Buy IPG Shares?

  2. Stock Analysis

    Why Should You Invest In Stratasys Today?

  3. Stock Analysis

    What’s The Best Airline Stock In the Industry?

  4. Stock Analysis

    Why Is Enterprise Products Partners So Excited?

  5. Stock Analysis

    What Are The Real Economic Costs Of Obesity?

Trading Center