Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Check This Trade Out On $SBUX



This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit

Ever since falling sharply on mixed earnings, Starbucks Corporation (NASDAQ:SBUX) has slowly climbed higher in one of the most bullish markets in history. The bounce in shares of Starbucks Corp maybe coming to an end though. The stock has insane resistance at $58.50, where two resistance points converge. The first is a down-sloping trend line from the recent highs and the second is a gap fill. Gap fills are technical analysis resistance points when price moves up into it. Whether you understand the technical jargon or not, suffice it to say that Starbucks is a strong short at $58.50. The downside target for this trade setup is $51.00.

View my trades and Verified performance right now, click here. Simply join Verified Investing for free and anytime I buy a stock/ETF, you will get an email. You can then opt-into the trade getting my exact entry price, target and stop. Those who take my trades, only reward me (a Verified Trader) with a few Dollars IF they get big winning trade information.

Stock market chart analysis signals short on Starbucks Corp

This article was written by Markus Teller for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit

< Previous
  • 1
Next >
Featured Videos