Why NYSE:LRN qualifies as a high growth stock.

Our stock screener has identified STRIDE INC (NYSE:LRN) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:LRN.

Technical analysis of NYSE:LRN

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Taking everything into account, LRN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, LRN has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that LRN is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by LRN over the past year are nicely spread over this period.
• LRN is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 87% of 67 stocks in the same industry.
• LRN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month LRN has a been trading in the 98.96 - 112.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of LRN contains the most current technical analsysis.

How does the Setup look for NYSE:LRN

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:LRN has a 7 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, LRN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 106.22, a Stop Loss order could be placed below this zone.

Some of the high growth metrics of NYSE:LRN highlighted

• STRIDE INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 755.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• Over the past 3 years, STRIDE INC has demonstrated 39.51% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• STRIDE INC has seen a 20.06% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• In the most recent financial report, STRIDE INC reported a 755.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• accelerating EPS growth for STRIDE INC: the current Q2Q growth of 755.0% exceeds the previous year Q2Q growth of 120.0%.
• With positive growth in its operating margin over the past year, STRIDE INC showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• With a favorable trend in its free cash flow (FCF) over the past year, STRIDE INC demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• STRIDE INC showcases a robust Return on Equity (ROE) of 19.78%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• STRIDE INC exhibits a favorable Debt-to-Equity ratio at 0.38. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• STRIDE INC has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• The Relative Strength (RS) of STRIDE INC has been consistently solid, with a current 92.48 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. STRIDE INC exhibits strong prospects for further price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.