02/28/21
Blue Chip Daily Chart of the Week:
Starbucks, SBUX
Close: 108.03
Stop level for position traders and investors: 91.82 (15%)
please see chart analysis below
- Starbucks (SBUX) is one of our top technical ideas coming into the week and is on this week’s Members Top 25 List.
- SBUX is a global consumer discretionary leader in it’s industry and is well positioned for a further potential cyclical recovery move.
- SBUX is a technical uptrend above the rising 20, 50, 100 and 200-day moving averages, and broke out to new all-time highs Friday, on above average volume.
- SBUX recently pulled back 6.6% off of all-time highs and held over the key $100 technical level.
- 100-105 is near-term support.
- SBUX was our Members Chart of the Day last Friday, 2/26, before this recent breakout. (please see the screenshot below)
- Our Top Performers page: https://bluechipdaily.com/performance/
Have a great week,
Larry Tentarelli
Publisher
Disclaimer – Blue Chip Daily Trend Report
SBUX CHART OF THE DAY POST 2/26/21
