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Lululemon Athletica Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Lululemon Athletica (NASDAQ:LULU) traded at a new 52-week high today of $73.22. So far today approximately 241,000 shares have been exchanged, as compared to an average 30-day volume of 2.3 million shares.

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

In the past 52 weeks, Lululemon Athletica share prices have been bracketed by a low of $43.14 and a high of $73.22 and are now at $72.86, 69% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Based on a current price of $72.86, Lululemon Athletica is currently 12.2% above its average consensus analyst price target of $63.97. Lululemon Athletica shares have support at the 50-day moving average (MA) of $63.94 and additional support at the 200-day MA of $57.65.

SmarTrend recommended that subscribers consider buying shares of Lululemon Athletica on May 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.45. Since that recommendation, shares of Lululemon Athletica have risen 11.3%. 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 athletica

Ticker(s): LULU