Starbucks ends cautiously higher - Analysis - 14-08-2018

Starbucks' stock climbed 0.58% in the last session, or 0.30 points, while touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium and short terms, with negative signals from the Relative Strength Index. 

Therefore we expect the stock to return lower, targeting the first support at 49.84, as long as the resistance of 53.56 holds on.