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




Related Analysis
  1. Forget About Falling Oil, Look Into These 5 MLPs
    Chart Advisor

    Forget About Falling Oil, Look Into These 5 MLPs

  2. Coffee Continues To Shine In The Commodities Market
    Chart Advisor

    Coffee Continues To Shine In The Commodities Market

  3. When To Buy Strongly Performing Stocks
    Chart Advisor

    When To Buy Strongly Performing Stocks

  4. The ADX Shows Strong Uptrends In These 4 Stocks
    Chart Advisor

    The ADX Shows Strong Uptrends In These 4 Stocks

  5. Falling Prices Are Dragging These Gold Stocks Down
    Chart Advisor

    Falling Prices Are Dragging These Gold Stocks Down

Trading Center