On Monday, lululemon athletica (LULU) hit an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 74 the day before.
↑ XIBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they begin their biggest price moves.
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While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern.
Earnings growth decreased last quarter from 18% to 13%, but the top line rose from 7% to 9%.
The company earns the No. 4 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch (ANF) is the No. 1-ranked stock within the group.
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