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Lululemon Broke Resistance
Published on Thursday, 26 January 2012 06:44 Written by TradersHuddle Staff
New York, January 26th (TradersHuddle.com) - Shares of Lululemon Athletica Inc. (NASDAQ:LULU) closed the trading session at $63.37 just above calculated resistance at $62.58 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.
Lululemon Athletica Inc. (NASDAQ:LULU) designs and retails athletic clothing. The Company produces fitness pants, shorts, tops and jackets for yoga, dance, running, and general fitness.
Lululemon's stock was trading in a well defined range with support at $59.23 and resistance at $62.58, given that this range was broken traders will be closely monitoring the stock
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