Shares of Lululemon Athletica (LULU) are having another green day on Friday. The stock continues to trend higher to breakout above its yesterday highs along the $68 level.
During Thursday’s trading session, LULU shares spiked more than 15% in the wake of blow – out earnings report.
During today’s session, LULU, whose shares have outperformed the broader S&P 500 Index (SPX) by an impressive 126% during the past 52 weeks, jumped another 7% to a new all time high of $68.11. Shares are seeing huge volume ; mid-way through the session LULU has already traded more than 3.3 million shares, well above the daily average volume of 1.3 million shares.
At last check [1:20 p.m. EST], LULU shares were up over $4.00 in trading on the Nasdaq.