22.01.2016 - Shares of Starbucks may continue decline within the negative trend
Price of Starbucks continues moving inside the descending channel and currently is trying to gain a foothold below the level of 59.00. According to our estimates there is a high probability of further negative dynamics within the channel with the objectives at 54.00 and 53.30. On the other hand, the breaking of the level of 59.00 and the upper boundary of the channel will be the basis for further growth to 62.00 and 63.90. Our medium-term outlook is positive, but we do not rule out a decline in the near future.