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Blue Chip Daily Chart of the Week

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)


Have a great week,

Larry Tentarelli
Publisher
Disclaimer – Blue Chip Daily Trend Report

SBUX CHART OF THE DAY POST 2/26/21

 

 

 

 

 

 

 

 

 

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