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Starbucks Makes New All-Time High Then Retreats After Q3 Report

By Insider Scoop
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Courtesy of Benzinga.

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Starbucks Corporation (NASDAQ: SBUX) shares are trading higher by a dime at $62.60 in Friday's session. Following its inline Q3 report, the issue rallied to a new all-time high by $0.16, reaching $64.

Since making that high, it has reversed course and has breached Thursday's close ($62.50), reaching $62.31 and attempting to rebound.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com

Posted-In: Technicals Intraday Update Movers Trading Ideas

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