Starbucks (SBUX) Hits New 52 Week High of 39.75

Posted: Wednesday, June 29, 2011 1:46 PM EDT
By: Market Intelligence Center Staff





Starbucks (NASDAQ: SBUX) hit a new 52-Week high of $39.75 so far today. Currently the stock is up $0.36 (0.92%) to $39.61 on 4,212,484 shares traded. Today's high is up $17.11 from a 52-Week Low of $22.50. Starbucks stock has been showing support around $37.40 and resistance in the $40.18 range. Technical indicators for the stock are neutral and S&P gives SBUX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on SBUX the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 34 range. [ABR-Seven Summits Strategic Investments NewsBite]



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Hedged Trade Ideas For SBUX:



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