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SBUX forms 50 Day Moving Average Resistance on June 18
SBUX posted a 0.79% gain on Thursday, June 18th, accompanied by 0.9× normal trading volume. 50 DMA Resistance — typically a warning sign for traders — developed during the session. Key support levels exist at 99.59, 98.57 & 97.6, with resistance at 101.57, 102.54 & 103.56.
Current SwingTradeBot Technical Rating of SBUX: B
Today’s move could mean more—check all the signals for SBUX on SwingTradeBot.
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