Starbucks spikes - Analysis - 07-04-2021

2021-04-07 12:15:00 GMT (Economies.com)
 

Starbucks' stock (SBUX) rallied 1.92% in the last session, piercing the resistance of 112.25 amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium term, countered with negative signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the first resistance at 117.35, provided it holds above 112.25. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.2054
0.0028
0.2320%
1.3886
-0.0067
0.4784%
Tadawul
10127.90
18.31
0.18%
26.046
0.254
0.985%
61.759
-1.419
2.246%
65.72
0.34
0.52%
1782.910
11.460
0.647%
 
 
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