One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Starbucks stock cleared that benchmark Thursday, with a jump from 71 to 84 Thursday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest runs.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Starbucks Stock A Buy?
Starbucks stock recently retook its 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy trade.
The coffee retailer reported -15% earnings growth last quarter. Revenue gains came in at 9%.
Starbucks stock earns the No. 24 rank among its peers in the Retail-Restaurants industry group. Chipotle Mexican Grill and Restaurant Brands Intl are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
