Lululemon Athletica Up 22.9% Since SmarTrend Uptrend Call (LULU) -Investor's Business Daily

Hot news about Lululemon Athletica Up 22.9% Since SmarTrend Uptrend Call (LULU) -Investor's Business Daily
Aug 05, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Lululemon Athletica (LULU) on June 15, 2011 at $45.98. In approximately 2 months, Lululemon Athletica has returned 22.9% as of today's recent price of $56.52.

In the past 52 weeks, shares of Lululemon Athletica have traded between a low of $15.54 and a high of $64.49 and are now at $56.52, which is 264% above that low price.

Lululemon Athletica is currently above its 50-day moving average of $53.90 and above its 200-day moving average of $41.12. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 1.67% while the 200-day MA has risen 1.82%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Lululemon Athletica shares.

Write to Chip Brian at cbrian@mysmartrend.com

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