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Buyers Accumulate Shares of Lululemon Athletica, Up 2.1%

Published on Tue, 03/05/2013 - 11:28
By Robert Cotter

Lululemon Athletica (NASDAQ:LULU) is one of today's notable stocks on the rise, up 2.1% to $68.46. The S&P is trading higher by 1.1% to 1,542 and the Dow is trading 1.1% higher to 14,283.

Over the past year, Lululemon Athletica has traded in a range of $52.20 to $81.09 and is now at $68.46, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.

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

There is potential upside of 15.7% for shares of Lululemon Athletica based on a current price of $68.46 and an average consensus analyst price target of $79.22. The stock should find resistance at its 50-day moving average (MA) of $69.77, as well as support at its 200-day MA of $67.90.

By Robert Cotter
rcotter@fnno.com