We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
Consumer Discretionary stocks broke out to new all-time highs yesterday, both on a cap-weighted and equal-weighted basis.
Beneath the surface, some of the largest names in the space have remained dormant for years.
Here’s today’s standout:
Starbucks $SBUX is currently exhibiting a Squeeze Score of 93.7 and an even tighter Long-Term Score of 97.9.
Here’s what the chart looks like:
Starbucks has been locked in a wide range since 2019.
This is not a case where a short-term breakout is needed to ignite a longer-term base breakout.
Instead, we’re looking at a rangebound stock in a clean bullish coil, with Strazza Indicator volatility compressed to five-year lows as Consumer Discretionary stocks begin to catch a bid again.
A break above 90.75 could ignite the next leg higher.
