Banking

Lululemon Athletica Trying To Close In On Key Technical Benchmark

Lululemon stock gapped up on earnings today, although closed at the bottom of the range.

In a welcome move, Lululemon Athletica (LULU) saw its Relative Strength Rating improve from 69 to 72 on Thursday.




X



When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating as they begin their largest price moves. See if Lululemon Athletica can continue to rebound and hit that benchmark.


See How IBD Helps You Make More Money In Stocks


Lululemon stock has climbed more than 5% past a 371.00 entry in a first-stage cup with handle on a MarketSmith daily chart, meaning it’s now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Lululemon stock postwd 123% EPS growth in its most recent report, while sales growth came in at 61%.

Lululemon Athletica holds the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Revolve Group (RVLV) is also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
Find The Best Long-Term Investments With IBD Long-Term Leaders

 

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button