Squeeze Play: SBUX Preps for Breakout at $96.51
The stock of Starbucks Corp (SBUX) climbed 1.83% to close at $96.51 on February 25.
Key indicators suggest a mixed bias:
Moving Averages
Moving averages are stacked bullishly—9-day EMA ($96.10) supports, 21-day ($95.34) below.
Momentum
RSI at 54.7 is in neutral territory. MACD reads 1.19 against its 1.58 signal line (bearish).
Volatility
Volatility has been compressing for 15 sessions (TTM Squeeze active), often a precursor to directional moves.
The bullish trend is intact, but fading MACD momentum suggest waiting for a pullback.
The $91.51-$100.08 range defines near-term boundaries.
