There's something strange about Starbucks.
While many consumer food and beverage stocks have risen nicely over the past few months, Starbucks has stayed relatively range-bound, despite a strong end of the week on the back of an ambitious plan the company presented at its investor day and a target increase from JPMorgan.
For Carter Worth, chief market technician at Sterne Agee, that weak relative performance smells like opportunity.
"When group moves are powerful, if you can find a stock in a powerful group that has yet to play out, it's a good opportunity in principle," Worth said Friday on CNBC's "Options Action."
On the charts of several other dining stocks, Worth espies a clear pattern: range-bound action followed by a breakout.
That's what he sees in the chart of Texas Roadhouse, which broke out in October: