On Thursday, lululemon athletica got an upgrade for its IBD SmartSelect Composite Rating from 93 to 97.
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength.
lululemon athletica is not currently near a proper buy point. Despite its strengths, it has fallen below key moving averages, with a downward-trending RS Line. The overall Relative Strength is also not optimum at 64.
See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
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The stock has a 97 EPS Rating, meaning its recent quarterly and annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted 23% EPS growth for Q3. Sales growth came in at 28%, down from 29% in the previous quarter.
lululemon athletica holds the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Buckle and Ross Stores are also among the group's highest-rated stocks.
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