On Monday, Lululemon Athletica earned an upgrade to its Relative Strength (RS) Rating, from 62 to 73.
When you're researching the best stocks to buy and watch, be sure to pay attention to 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 action over the last 52 weeks matched up against all other stocks.
History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest runs. See if Lululemon Athletica can continue to show renewed price strength and hit that benchmark.
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While the stock is not near a proper buy zone right now, see if it goes on to form and break out of a proper base. Particularly when you realize tomorrow is the company's scheduled earnings release.
Earnings Alert
Lululemon Athletica reported 23% earnings growth in its most recent report. Sales gains came in at 28%. The next quarterly results are expected on or around Mar. 28.
Lululemon earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group.
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