LULU At a New All-Time High

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.

About Ron Haruni 1038 Articles
Ron is the Co-Founder & Editor in Chief of Wall Street Pit. Web Site: Wall Street Pit

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