Stock Of The Day: Starbucks Finds Support At $94, Will A Bidding War Force Stock Into An Uptrend?

Wall Street doesn't like uncertainty. This is why shares of Starbucks Corporation SBUX fell after the company withdrew its guidance.As you can see on the chart, the stock found support around the $94 level. Stocks tend to find support at price levels that had been support before. This is why our team of trading experts has made it our Stock of the Day.Markets find support at levels that had previously been support because of investor and trader psychology. It is because of remorseful sellers.There are peopl ...