Starbucks’ (SBUX) relative strength has steadily been improving for several months now. In the SIA NASDAQ 100 Index Report, SBUX bottomed out in April deep in the red zone and has climbed back up toward the top of the Yellow Neutral Zone. After moving up 26 positions over the last month, Starbucks is currently sitting in 29th place, 3 spots outside of the green zone.
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