Starbucks: Daily Trend Is Neutral

 | Mar 26, 2015 01:04AM ET

Wednesday’s red candlestick engulfed the previous day’s one. The daily trend is neutral now. We need to see if today’s price action will have any continuation tomorrow. Longer-term the trend is clearly up as SBUX shares hit an all time highs last week. Last week’s low of $93.35 is the line in the sand for speculative longs.

Starbucks Corporation (NASDAQ:SBUX) daily (3 months):