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SBUX forms Bullish Engulfing on November 5
On Wednesday, November 5th, SBUX moved up 4.12% while volume increased to 1.9× the usual levels. Mixed technical signals appeared with Bullish Engulfing suggesting upside potential, while Slingshot Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 80.24, 77.61 & 76.17, with resistance at 84.31, 85.75 & 88.38.
Current SwingTradeBot Technical Rating of SBUX: F
This might just be the start. See what else showed up for SBUX today.
Read full article here »