Lululemon Athletica (LULU) NewsBite - LULU Rises on Brokerage Coverage
Posted: Monday, February 08, 2010 1:41 PM EDT
By: Market Intelligence Center Staff
Lululemon Athletica (NASDAQ: LULU) opened at $26.22. So far today, the stock has hit a low of $26.21 and a high of $26.68. LULU is now trading at $26.64, up $0.37 (1.41%). Over the last 52 weeks the stock has ranged from a low of $4.33 to a high of $32.95. Analysts at BMO Capital Markets initiated coverage on LULU this morning, starting the stock at Market Perform with a $28 price target. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for LULU. If you are looking for a hedged play on LULU the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Lululemon Athletica (LULU) Stock ReportSee what our analysts have uncovered about Lululemon Athletica (LULU).