Apr 20, 2021 (Stock Traders Daily via COMTEX) -- A tell is a precursor of a stock's next move, and investors in Starbucks /zigman2/quotes/207508890/composite SBUX +0.25% look for these indicators all the time. the good news is, tells are there for investors to see every day. For example, we have provided this data for SBUX in the trading plans and summary table offered below. The tell is described there, for you to review. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for SBUX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SBUX Report.
The technical summary data tells us to buy SBUX near 112.27 with an upside target of 118.51. This data also tells us to set a stop loss @ 111.95 to protect against excessive loss in case the stock begins to move against the trade. 112.27 is the first level of support below 116.27 , and by rule, any test of support is a buy signal. In this case, support 112.27 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of SBUX as it gets near 118.51 with a downside target of 112.27. We should have a stop loss in place at 118.85though. 118.51 is the first level of resistance above 116.27, and by rule, any test of resistance is a short signal. In this case, if resistance 118.51 is being tested, a short signal would exist.
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.