Lululemon near Support

New York, October 25th ( - Shares of Lululemon Athletica Inc. (NASDAQ:LULU) are trading very close to calculated support at $66.86 with price action closing at just $69.25 and placing the stock near levels where traders will start paying attention.

Lululemon's stock range is defined by its calculated support defined at $66.86 and by the resistance level at $76.34, which should be used by traders planning their trades. These support and resistance levels are based on a peaks and troughs algorithm of the stock's price action.

Traders wanting to establish a position should pay close attention to Lululemon's price action, and establish it as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $76.34 might limit their upside, however, if the stock breaks resistance, it could be a good point to add to the position.

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.

Related Articles

    Related Partner Headlines

      JIM CRAMER wants to work for YOU. JIM does the research -- YOU get email alerts each time he trades. JIM provides access to his actual portfolio -- YOU can use it to guide your portfolio strategy. Try Jim's Action Alerts PLUS for FREE!

      TradersHuddle Search

      Stock Search:

      Site Search:


      Recent Trading Ideas

      Latest Partner Headlines

      Stock Market

      o Dow Jones 18,272.09 ▼13.65 (-0.07%)
      o S&P 500 2,131.08 ▲0.26 (0.01%)
      o NASDAQ 5,100.31 ▲9.51 (0.19%)

      Dow Jones

      Company ID [INDEXDJX:.DJI] Last trade:18,272.09 Trade time:1:34PM EDT Value change:▼13.65 (-0.07%)

      S&P 500

      Company ID [INDEXSP:.INX] Last trade:2,131.08 Trade time:1:35PM EDT Value change:▲0.26 (0.01%)


      Company ID [INDEXNASDAQ:.IXIC] Last trade:5,100.31 Trade time:1:34PM EDT Value change:▲9.51 (0.19%)
      Copyright © 2013 All Rights Reserved.