Starbucks spikes - Analysis - 07-04-2021

Economies.com
2021-04-07 12:15PM UTC

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 

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