Lululemon Athletica (LULU) NewsBite - LULU Is On the Move
Posted: Thursday, November 05, 2009 11:36 AM EDT
Lululemon Athletica (LULU) appears to be on the move today and is now at $26.00, up $1.27 (5.14%) on volume of 217,471 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.33 to a high of $28.86. Lululemon Athletica stock has been showing support around $23.84 and resistance in the $26.38 range. Technical indicators for the stock are bullish 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 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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