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Starbucks Is Perking Up — Here's How to Trade It Now

After over a week of dull post-Brexit action, shares of Starbucks ( SBUX) are beginning to perk up. The stock finished Tuesday with a 2% gain on well above average volume. This powerful rally pushed the stock to a new July high.

Starbucks still has challenges ahead, but a new rally phase may be on the way.

Back on April 22, Starbucks was hit hard after a disappointing second-quarter earnings report. The stock fell nearly 5% that day, leaving behind a very ominous monthly double top. Starbucks also fell well below its 200-day moving average that day, adding substantially to the overhead pressure. Three weeks later, the stock appeared...


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