Lululemon Athletica (LULU - Get Report) is a designer and retailer of technical athletic apparel operating primarily in North America and Australia. The stock is trading up 4% at $49.14 in recent trading.
Today's Volume: 5,100,000Average Volume: 3,783,970 Volume % Change: 258% This stock is ripping today after the company said its third-quarter earnings jumped to $38.8 million, or 27 cents per share, from $25.7 million, or 18 cents per share, last year. Revenue also rose 31%, to $230.2 million, on a 16% increase in same-store sales. From a technical standpoint, this stock has still failed to stay above both its 200-day and 50-day moving averages, despite the bullish earnings news today. This sets the stock up for a short sale as long as it closes below $50. I would look to sell this stock short as long as it stays below $50 and its 50-day moving average at $52.12. Lululemon is the top holding in Columbia Wanger Asset Management's portfolio as well as one of the top holdings at Vinik Asset Management.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts