When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Lululemon Athletica stock, which had its Relative Strength (RS) Rating upgraded from 78 to 81 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their biggest climbs.
See How IBD Helps You Make More Money In Stocks
Is Lululemon Athletica Stock A Buy?
Lululemon Athletica stock is trying to break above its 200-day moving average. While Lululemon Athletica is not near an ideal buy zone right now, see if it manages to form and break out from a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The athleisure retailer showed 31% earnings growth in the latest quarterly report, while sales growth came in at 23%.
Lululemon Athletica stock earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group.
