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Coffee Giant Starbucks Stock Scores Rising Relative Strength

Starbucks (SBUX) stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 70 to 74.




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When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating tracks 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.

Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest runs. See if Starbucks can continue to show renewed price strength and hit that benchmark.


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Is Starbucks Stock A Buy?

Starbucks stock is trying to complete a flat base with a 126.42 buy point. See if the stock can clear the breakout price in volume at least 40% above average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

Consistent Growth

Taking a look at revenue and profit performance, Starbucks has posted four quarters of rising earnings growth. Top line growth has also risen over the same time frame.

Starbucks holds the No. 12 rank among its peers in the Retail-Restaurants industry group. J Alexander’s (JAX) and Wingstop (WING) are also among the group’s highest-rated stocks. For more industry news, check out “Retail Industry News And Stocks To Watch.”

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