Starbucks pierces current resistance - Analysis - 26-05-2017

Starbucks' stock (SBUX) surged in the intraday levels, scoring a fresh profit of 1.63% in the last session, or 1.01 points, and succeeding in breaching the resistance of 61.94, amid positive support from the 50-day SMA, with positive signals from relative power indicators, coupled with the dominance of the main upward short-term trend. 

Therefore we expect more gains for the stock, as long as it settles above 61.94, targeting the resistance of 64.00.