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Technical Analysis Of SBUX (Starbucks)

Technical outlook of SBUX (Starbucks) stock chart

November 27 2019 Wednesday

SBUX has been in a decline recently. However, it is finding support at the daily 200 MA. Usually a very good reversal area. A possible daily ascending triangle might be forming as well. 

If it can breakout above this pattern and go above the 50 MA then it is possible for it to start a new uptrend.

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