Starbucks's most recent trend suggests a bullish bias. One trading opportunity on Starbucks is a Bull Put Spread using a strike $78.00 short put and a strike $73.00 long put offers a potential 34.05% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $78.00 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock dropped below the $73.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Starbucks is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Starbucks is bullish.
The RSI indicator is at 59.91 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Starbucks
States reopen after coronavirus lockdowns: Next big move is Illinois
Thu, 28 May 2020 23:22:00 +0000
Big retailers are opening up more stores as states continue to ease restrictions imposed to fight the spread of the coronavirus around two months ago. Illinois is the next big state to allow a number of businesses to reopen, including barbers and hair salons as well as restaurants for outdoor seating only.
INTERVIEW: How Should Companies Tackle Coronavirus? Turn to History Factory’s COVID-19 Corporate Memory Project
Thu, 28 May 2020 18:25:33 +0000
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Starbucks (SBUX) Up 2.3% Since Last Earnings Report: Can It Continue?
Thu, 28 May 2020 15:31:03 +0000
Starbucks (SBUX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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