Starbucks Corporation (SBUX) – stock is trading around $86.32 dollars as of December, 09, 2019 and offering a possible buying price between $84.92 – $89.17. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a non stop rock solid run ever since brokeout at end of January.
3. The stock tried consolidate the gains, but it failed and started to recede.
4. The reaction was so severe, the stock lost it’s 50 day moving average (DMA) support line.
5. However, it found support at the 200 DMA.
6. The stock regained the 50 DAM support line recently.
7. The stock is offering possible buying price between $84.92 – $89.17, with a stop loss at $78.13.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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