Lululemon (LULU) continues to vacillate near its intraday trading range top after gapping up at the open. Shares are now up 4.04%, probing their 3-month highs along the $68-$69 area. The stock has broken out past its $69.23 resistance and extended as high as $69.94, setting a new high for the year. Some digestion at current levels could set it up for a move higher towards next rez level at $70.16.
On trading measures, Lululemon Athletica Inc., currently valued at $9.86 billion, has a median Wall Street price target of $70.00 with a high target of $85.00. Approximately 2.1 million shares have already changed hands, compared to the stock’s average daily volume of 2.26 million.
In the past 52 weeks, shares of Vancouver, Canada – based athletic apparel designer have traded between a low of $36.26 and a high of $69.94 with the 50-day MA and 200-day MA located at $64.70 and $54.28 levels, respectively. Additionally, shares of LULU trade at a P/E ratio of 2.03 and have a Relative Strength Index (RSI) and MACD indicator of 66.78 and +2.27, respectively.
LULU currently prints a one year return of about 22.60% and a year-to-date return of around 19%.