By Mill Chart
Last update: Jun 18, 2024
In this article we will dive into LULULEMON ATHLETICA INC (NASDAQ:LULU) as a possible candidate for growth investing. Investors should always do their own research, but we noticed LULULEMON ATHLETICA INC showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.
ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NASDAQ:LULU has earned a 8 for growth:
ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:LULU, the assigned 9 for health provides valuable insights:
ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NASDAQ:LULU scores a 9 out of 10:
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:LULU has a 8 as its setup rating:
Although the technical rating is bad, LULU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 312.85, a Stop Loss order could be placed below this zone.
More Strong Growth stocks can be found in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of LULU
For an up to date full technical analysis you can check the technical report of LULU
This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
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