Lululemon Athletica had its Relative Strength (RS) Rating upgraded from 75 to 84 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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While it's not currently an ideal time to jump in, even with the recent rise in price, let's see if the stock manages to establish and enter a buy zone in heavier trade.
Earnings growth picked up last quarter from 28% to 33%. But sales fell from 32% to 29%.
The company earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group.
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