Buyers Accumulate Shares of Lululemon Athletica, Up 2.1%

Published on Tue, 06/23/2015 - 15:24
By Robert Cotter in Market movers, LULU, lululemon athletica, market movers, nasdaq:lulu

Lululemon Athletica (NASDAQ:LULU) is one of today's notable stocks on the rise, up 2.1% to $67.76. The S&P is trading fractionally lower to 2,123 and the Dow is trading fractionally higher to 18,132.

In the past 52 weeks, shares of Lululemon Athletica have traded between a low of $37.26 and a high of $70.00 and are now at $67.76, which is 82% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.7%.

Lululemon Athletica Inc designs and retails athletic clothing. The Company produces fitness pants, shorts, tops and jackets for yoga, dance, running, and general fitness.

Lululemon Athletica (NASDAQ:LULU) has potential upside of 0.4% based on a current price of $67.76 and analysts' consensus price target of $68.03. The stock should find initial support at its 50-day moving average (MA) of $64.59 and further support at its 200-day MA of $56.41.

By Robert Cotter
rcotter@fnno.com

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