Why NYSE:LRN qualifies as a high growth stock.

STRIDE INC (NYSE:LRN) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:LRN.

Analyzing the Technical Aspects

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 9 out of 10 to LRN. In the last year, LRN was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that LRN is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, LRN also shows a nice and consistent pattern of rising prices.
• LRN is part of the Diversified Consumer Services industry. There are 70 other stocks in this industry. LRN outperforms 89% of them.
• LRN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so LRN is performing more or less in line with the market.
• In the last month LRN has a been trading in the 102.72 - 112.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

For an up to date full technical analysis you can check the technical report of LRN

How do we evaluate the setup for NYSE:LRN?

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:LRN currently has a 8 as setup rating:

Besides having an excellent technical rating, LRN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 110.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.30, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

What matters for high growth investors.

• 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.
• The EPS of STRIDE INC has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• 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.
• The quarterly earnings of STRIDE INC have shown a 755.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The earnings per share (EPS) growth of STRIDE INC are accelerating: the current Q2Q growth of 755.0% is above the previous year Q2Q growth of 120.0%. Earnings momentum and acceleration are key for high growth systems.
• STRIDE INC has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• With positive growth in its free cash flow (FCF) over the past year, STRIDE INC showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• STRIDE INC has a healthy Return on Equity(ROE) of 19.78%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• With a Debt-to-Equity ratio at 0.38, STRIDE INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With a track record of beating EPS estimates in the last 4 quarters, STRIDE INC showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• The Relative Strength (RS) of STRIDE INC has consistently been strong, with a current 93.89 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. STRIDE INC demonstrates promising potential for sustained price momentum.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

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.