(Finance) – Undertone Starbuckswhich changed hands with a decrease of 1.63%, moving in countertrend with respect to the positive American price list.
The coffee chain has chosen its next CEO: Laxman Narasimhan, who will take over from Howard Schultz, the manager who launched Starbucks internationally, from next October. Narasimhan who hails from the Reckitt Benckiser group of which he was chief executive, will not take over as CEO of the company until April.
On a weekly basis, the stock’s trend is more solid than that of theS&P 100. At the moment, therefore, the appeal of investors is directed more decisively to the American company that owns the largest chain of coffee shops in the world compared to the reference index.
The short-term examination of Starbucks classifies a strengthening of the bullish phase with immediate resistance seen at USD 85.2 and first support identified at 83.4. Technically, we expect a further upward momentum of the curve towards new tops estimated in the 86.99 area.