Starbucks returns higher - Analysis - 04-08-2022
2022-08-04 12:45:10 GMT
(Economies.com)
Starbucks' stock (SBUX) returned higher in the intraday levels after reporting record quarterly profits, beating estimates handily, with the stock rallying 4.25%, or 3.56 points, and settling at 87.27, with trading volumes surpassing 13 million shares, above 10-day averages of 7 million shares.
The upward correctional short-term trend dominates, amid positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 92.63, provided the support of 78.92 holds on.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0216
|
0.0019
|
0.1873%
|
|
|
|
|
1.2091
|
-0.0026
|
0.2162%
|
|
|
|
|
20.569
|
0.204
|
1.004%
|
|
|
|
|
89.786
|
1.308
|
1.478%
|
|
|
|
|
95.91
|
-0.64
|
0.66%
|
|
|
|
|
1787.585
|
5.910
|
0.332%
|
|
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