Lululemon Athletica (LULU) On The Move Following Broker Upgrade
Posted: Friday, March 05, 2010 2:36 PM EDT
By: Market Intelligence Center Staff
Lululemon Athletica (NASDAQ: LULU) hit a new 52-Week high of $33.00 so far today. Currently the stock is up $1.12 (3.52%) to $32.95 on 333,775 shares traded. Today's high is up $28.62 from a 52-Week Low of $4.33. Lululemon Athletica stock has been showing support around $30.72 and resistance in the $32.46 range. Technical indicators for the stock are and S&P does not currently have a STARS rating for LULU. The stock hit a new 52 week high today after EVA Dimensions, LLC upgraded the stock to Underweight from Sell. 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 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Lululemon Athletica (LULU) Stock ReportSee what our analysts have uncovered about Lululemon Athletica (LULU).