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Wednesday, August 24, 2011

Starbucks Corporation (SBUX) Technical Analysis

Rob Witt
Starbucks Corporation (SBUX) has held up pretty well recently and has started to move back up with the market after finding support at the 200 day sma. The indicators I watch are telling me this current move could continue. I would be watching support at 36.25 then the 200 day at 34.92. Resistance will be found at 37.53, the 50 day sma at 38.14 and then 39.51.

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