Courtesy of Benzinga.
Lululemon Athletica Inc. (NASDAQ: LULU) shares are trading higher by $2.72 at $52 in Monday’s session. It is trading higher for the fourth day in a row and is now almost $9 above its lows from last Tuesday ($43.14).
After a higher open, it quickly lost $1 before finding support at $48.54 and reversing course. Since surpassing Friday’s high ($51.50), it climbed to $52.25. That marks the highest level for the issue since it peaked on November 16 at $53.15.
The company will announce Q3 results on December 9.
Joel Elconin is the co-host of Benzinga’s #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com
Posted-In: Technicals Intraday Update Movers Trading Ideas
