Starbucks - Chart Analysis

Ticker Symbol: SBUX

Starbucks Chart Analysis

Support

Starbucks held support (Established on December 11th at $8.97) several times in the following month. On December 15th, SBUX bounced off its December 11th support and again on December 29th as well as January 14th.

Resistance

From December 16th to the 19th, Starbucks tried and failed to break through resistance. Finally, SBUX broke above the $9.88 mark on January 5th and held above resistance before relinquishing it on January 9th.

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