Lululemon Athletica stock had its Relative Strength (RS) Rating upgraded from 67 to 71 Thursday -- a welcome improvement, but still shy of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Lululemon Athletica can continue to rebound and clear that threshold.
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Is Lululemon Athletica Stock A Buy?
Lululemon Athletica stock has been trading below its 200-day moving average. While the athleisure wear stock is not near an ideal buying range right now, see if it is able to form and break out of a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While EPS growth fell in the prior quarter from 31% to 28%, sales grew 32%, up from 23% in the prior report. Keep an eye out for the company's next round of numbers on or around Sep. 8.
Lululemon Athletica stock holds the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Lululemon Athletica and Caleres are also among the group's highest-rated stocks.
