Starbucks Reaches $108.49, a Fresh 52-Week High

Starbucks closed at $108.49 on August 12, edging past the prior 52-week high set on July 16 and confirming the upward trend.

Every shareholder who bought at any point during the past year is now sitting on a gain, removing the overhang of trapped sellers who might otherwise use a rally to break even and exit.

The recovery rewarded patience from buyers who held through the softer patch earlier in the year.

Watch whether that level holds as support on any pullback, because follow-through is what separates a genuine breakout from a brief overshoot.