Starbucks Corp. (SBUX): ABOVE $67.64, with a $73.45 first target, a $82 second target, and a $61.50 stop loss. Confirmation Volume Area= 12.5M, Risk Rating= 4, Industry= Restaurants
SBUX TRADING TIP: Watch this VOLATILE formation as it sets up for another stage higher, while the market posts gains. Any further accumulation may break this stock higher, helping it take a run into ‘uncharted territory’. When reviewing new trading ideas for purchase, pay the price that coincides with your desired exit strategy; being patient by waiting for desired prices may drastically reduce trade risk.
Starbucks Corp. (SBUX) rose $2.35, to $67.09, on a more than 70% increase in its recent average daily volume on Friday! SBUX operates as a roaster, marketer, and retailer of specialty coffee worldwide. SBUX operates in four segments: Americas; China/Asia Pacific; Europe, the Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items. SBUX also licenses its trademarks through licensed stores, and grocery and foodservice accounts. It offers its products under the Starbucks, Teavana, Tazo, Seattle's Best Coffee, Evolution Fresh, La Boulange, Ethos, Frappuccino, Starbucks Reserve, Princi, Starbucks Doubleshot, Starbucks Refreshers, and Starbucks VIA brand names. It has 29,324 stores, including 15,341 company-operated stores and 13,983 licensed stores. Additionally, SBUX also offers a 2.17% dividend.
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