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Lululemon Ath: The Winning Streak Continues (LULU)

By James Quinn

Lululemon Ath (NASDAQ:LULU) traded today at a new 52-week high of $104.80. So far today approximately 262,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

Lululemon Ath (NASDAQ:LULU) defies analysts with a current price ($104.73) 13.0% above its average consensus price target of $91.07. The stock should find initial support at its 50-day moving average (MA) of $91.47 and further support at its 200-day MA of $74.51.

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 serves customers throughout the world.

Over the past year, Lululemon Ath has traded in a range of $47.26 to $104.80 and is now at $104.73, 122% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has risen 1.3%.

SmarTrend recommended that subscribers consider buying shares of Lululemon Ath on June 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.22. Since that recommendation, shares of Lululemon Ath have risen 76.6%. We continue to monitor LULU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows lululemon ath

Ticker(s): LULU