The Relative Strength (RS) Rating for Starbucks jumped into a new percentile Tuesday, as it got a lift from 67 to 72.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the top-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Starbucks can continue to rebound and hit that benchmark.
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Starbucks is within a buy zone after breaking past a 99.51 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Starbucks reported negative growth for both the top and bottom lines last quarter.
Starbucks holds the No. 21 rank among its peers in the Retail-Restaurants industry group. CAVA Group, Dutch Bros and Texas Roadhouse are among the top 5 highly rated stocks within the group.
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