Lululemon Athletica (LULU) NewsBite - LULU Gets Buy Rating From Capstone

Posted: Wednesday, October 14, 2009 12:14 PM EDT

Lululemon Athletica (NasdaqNM: LULU) opened at $25.08. So far today, the stock has hit a low of $24.98 and a high of $25.42. LULU is now trading at $25.39, up $0.60 (2.41%). The stock hit its 52-Week high of $25.42 today and set its 52-Week low of $4.33 in March. Capstone initiated coverage on the stock today with a Buy rating stating that the company's competition was scarce and set a $28 price target on the stock. Technical indicators for the stock are 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 December out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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