In a welcome move, Starbucks saw its Relative Strength Rating improve from 69 to 76 on Tuesday.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Starbucks can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Starbucks is trying to complete a consolidation with a 103.32 entry. See if it can break out in heavy volume.
Starbucks reported negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around Feb. 4.
Starbucks earns the No. 27 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Texas Roadhouse and CAVA Group are among the top 5 highly rated stocks within the group.
RELATED:
Retail Industry News And Stocks To Watch
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
