STRIDE INC (NYSE:LRN) – A Strong Growth Stock with Technical Breakout Potential

STRIDE INC (NYSE:LRN) was identified by our screener as a strong growth stock exhibiting a favorable technical setup. The company combines solid fundamental growth metrics with a promising chart pattern, making it a candidate worth further examination.

Fundamental Strengths

• Growth: LRN has demonstrated strong earnings growth, with EPS expanding by 50.47% over the past year and revenue increasing by 14.90%. Future EPS growth is projected at 21.50%, reinforcing its growth trajectory.
• Profitability: The company scores a 9/10 in profitability, with a robust Return on Equity (21.12%) and Return on Invested Capital (14.55%), outperforming most peers in the Diversified Consumer Services industry.
• Financial Health: LRN maintains a solid balance sheet, reflected in a 7/10 health rating. Key strengths include a strong Current Ratio (5.61) and manageable debt levels.

Technical Setup

• Trend & Momentum: The stock is in a long-term uptrend, with a 12-month return of 112.95%, outperforming 94% of the market. Recent consolidation near the upper end of its 52-week range suggests potential for a breakout.
• Support & Resistance: Key support lies between $142.84 - $144.56, while resistance is near $159.56 - $160.73. A move above resistance could signal further upside.
• Setup Rating: The stock scores a 7/10 setup rating, indicating a favorable risk-reward profile for traders.

For investors seeking growth stocks with technical confirmation, LRN presents an interesting opportunity.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks meeting these criteria.
Check the full fundamental report for LRN and the technical analysis report for deeper insights.

Disclaimer

This is not investment advice. The observations are based on data available at the time of writing, and investors should conduct their own research before making decisions.