Shares of Starbucks Corp., one of the largest companies owning the coffee shop chain of the same name, are trading at 80.00.

Shares of Starbucks Corp., the owner of the world's largest coffee shop chain, resumed their decline as part of a long-term downward trend after an upward correction. Over the past two months, the instrument has reversed around 96.88 (Murrey level [7/8]), moved into the negative part of Murrey main trading range and tested the reversal level of 81.25 (Murrey level [2/8]), which remains key for the "bears": consolidation below it will ensure the development of a decline to the levels of 78.12 (Murrey level [1/8]) and 75.00 (Murrey level [0/8]).