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Stock Investors Bid Up Shares of Lululemon Athletica, Up 1.5%

Published on Tue, 02/12/2013 - 11:26
By Peter Chu

Lululemon Athletica (NASDAQ:LULU) is one of today's biggest movers, up 1.5% to $68.35. The Dow Jones Industrial Average is now trading fractionally higher to 13,994 and the S&P is trading fractionally higher to 1,518.

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 16.5% based on a current price of $68.35 and analysts' consensus price target of $79.61. The stock should find initial resistance at its 200-day moving average (MA) of $68.45 and further resistance at its 50-day MA of $71.38.

In the past 52 weeks, Lululemon Athletica share prices have been bracketed by a low of $52.20 and a high of $81.09 and are now at $68.35, 31% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.37% lower over the past week, respectively.

By Peter Chu
pchu@fnno.com