On Tuesday, Lululemon Athletica stock got a positive adjustment to its Relative Strength (RS) Rating, from 61 to 79.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Lululemon Athletica stock can continue to rebound and hit that benchmark.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Lululemon Athletica Stock A Buy?
The athleisure apparel stock, which is on the IBD Big Cap 20 screen, is not currently showing a potential entry point. See if the stock goes on to build a chart pattern that could ignite a new run.
The apparel maker posted 23% earnings growth last quarter. Revenue gains came in at 28%.
Lululemon Athletica stock earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group.
