Lululemon Athletica stock saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Lululemon Athletica has been rallying off the 50- and 200-day moving averages in the past month, etching a large cup-shaped base. See if the apparel stock can push higher on strong volume.
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The stock sports a 97 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Lululemon Continues To Post Stellar Results
In Q2, the athleisure apparel company posted 33% EPS growth. Revenue growth fell to 29%, down from 32% in the previous quarter.
Lululemon Athletica stock earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Buckle and J.Jill are also among the group's highest-rated stocks.
