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Benzinga
Benzinga
Business
Melanie Schaffer

Why Starbucks Stock Is Steaming Up For A Rally

Starbucks Starbucks Corporation

Starbucks Corporation (NASDAQ:SBUX) was trading about 3% highe Tuesday in a possible attempt to reverse course into an uptrend after plummeting over 20% between Jan. 3 and Jan. 28.

The stock has since consolidated its sharp decline by trading in a tight horizontal pattern between the low of $93.79 and a high at the $99.15 level for seven trading days.

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