Starbucks Corp.(SBUX) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) Starbucks Corp.(SBUX) closed at 17.83, up 0.32 or 1.83 % for the day. Based on our analysis, Starbucks Corp.(SBUX) has rising momentum with an uptrend.

The closing price of Starbucks Corp.(SBUX) is above its 50 day moving average of 17.15 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Starbucks Corp.(SBUX) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 15-May-2008, about 10 trading days ago.