One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Starbucks just hit that mark, with a jump from 78 to 81 Friday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior 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 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Starbucks is working on a cup with handle with a 99.51 entry. See if it can clear the breakout price in volume at least 40% above average.
The company reported negative growth for both sales and earnings last quarter.
Starbucks earns the No. 18 rank among its peers in the Retail-Restaurants industry group. CAVA Group, Texas Roadhouse and Shake Shack Cl A 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!
