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Nov. 1, 2021, 10:18 a.m. EDT

Starbucks Corp (SBUX) Approaches New Upside Target of $109.53

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Nov 01, 2021 (SmarTrend(R) News Watch via COMTEX) -- Shares of Starbucks Corp /zigman2/quotes/207508890/composite SBUX -0.27% have bullishly opened above the pivot of $105.90 today and have reached the first resistance level of $107.78. Analysts will be watching for a cross of the next upside pivot targets of $109.53 and $113.16.

Starbucks Corp /zigman2/quotes/207508890/composite SBUX -0.27% defies analysts with a current price ($106.03) 39.7% above its average consensus price target of $63.96. Starbucks Corp shares should first meet resistance at the 200-day moving average (MA) of $112.00 and find additional resistance at the 50-day MA of $113.87.

In the past 52 weeks, shares of Starbucks Corp have traded between a low of $85.45 and a high of $126.32 and are now at $106.03, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Starbucks Corp and will alert subscribers who have SBUX in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

COMTEX_396187849/2187/2021-11-01T10:17:39

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright, Comtex News Network, Inc. 2021

/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 95.32
-0.26 -0.27%
Volume: 7.33M
Jan. 27, 2022 4:00p
P/E Ratio
26.93
Dividend Yield
2.06%
Market Cap
$112.13 billion
Rev. per Employee
$75,872
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/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 95.32
-0.26 -0.27%
Volume: 7.33M
Jan. 27, 2022 4:00p
P/E Ratio
26.93
Dividend Yield
2.06%
Market Cap
$112.13 billion
Rev. per Employee
$75,872
loading...

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