Lululemon Athletica Inc (NASDAQ:LULU) inventory was final seen buying and selling at $319.20, dismissing world commerce tensions due to a price-target hike from TD Cowen to $373 from $370. The shares are testing their 320-day shifting common earlier than the retailer’s first-quarter report, due out after the shut on Thursday, June 5. This strain may come crashing down quickly, nevertheless, given LULU summer time seasonality.
The athleisure retailer is among the many greatest S&P 500 Index (SPX) shares to personal this month, per Schaeffer’s Senior Quantitative Analyst Rocky White. The shares averaged a month-to-month pop of 9.4% and ended the month increased 80% over the previous decade. LULU can also be the one retailer on the checklist.
A comparable transfer from its present perch would place shares simply shy of $350, clearing that aforementioned ceiling. The safety would additionally hit its highest buying and selling stage since March and lengthen its 23% nine-month lead. A spherical of bull notes may preserve tailwinds blowing, as 14 of the 31 corporations in protection name LULU a “maintain” or worse.
There’s additionally quick squeeze potential. Quick curiosity already fell 8% within the final two reporting durations, but the 5.94 million shares bought quick nonetheless make up 5.4% of the inventory’s out there float.
LULU has a optimistic historical past of post-earnings reactions, ending six of its final eight next-day classes increased, together with a 16% achieve in December. The safety averaged a 9.2% transfer during the last two years, no matter course, and this time across the choices pits are pricing in a much bigger 13.8% transfer for Friday’s buying and selling.
Lululemon Athletica Inc (NASDAQ:LULU) inventory was final seen buying and selling at $319.20, dismissing world commerce tensions due to a price-target hike from TD Cowen to $373 from $370. The shares are testing their 320-day shifting common earlier than the retailer’s first-quarter report, due out after the shut on Thursday, June 5. This strain may come crashing down quickly, nevertheless, given LULU summer time seasonality.
The athleisure retailer is among the many greatest S&P 500 Index (SPX) shares to personal this month, per Schaeffer’s Senior Quantitative Analyst Rocky White. The shares averaged a month-to-month pop of 9.4% and ended the month increased 80% over the previous decade. LULU can also be the one retailer on the checklist.
A comparable transfer from its present perch would place shares simply shy of $350, clearing that aforementioned ceiling. The safety would additionally hit its highest buying and selling stage since March and lengthen its 23% nine-month lead. A spherical of bull notes may preserve tailwinds blowing, as 14 of the 31 corporations in protection name LULU a “maintain” or worse.
There’s additionally quick squeeze potential. Quick curiosity already fell 8% within the final two reporting durations, but the 5.94 million shares bought quick nonetheless make up 5.4% of the inventory’s out there float.
LULU has a optimistic historical past of post-earnings reactions, ending six of its final eight next-day classes increased, together with a 16% achieve in December. The safety averaged a 9.2% transfer during the last two years, no matter course, and this time across the choices pits are pricing in a much bigger 13.8% transfer for Friday’s buying and selling.
Lululemon Athletica Inc (NASDAQ:LULU) inventory was final seen buying and selling at $319.20, dismissing world commerce tensions due to a price-target hike from TD Cowen to $373 from $370. The shares are testing their 320-day shifting common earlier than the retailer’s first-quarter report, due out after the shut on Thursday, June 5. This strain may come crashing down quickly, nevertheless, given LULU summer time seasonality.
The athleisure retailer is among the many greatest S&P 500 Index (SPX) shares to personal this month, per Schaeffer’s Senior Quantitative Analyst Rocky White. The shares averaged a month-to-month pop of 9.4% and ended the month increased 80% over the previous decade. LULU can also be the one retailer on the checklist.
A comparable transfer from its present perch would place shares simply shy of $350, clearing that aforementioned ceiling. The safety would additionally hit its highest buying and selling stage since March and lengthen its 23% nine-month lead. A spherical of bull notes may preserve tailwinds blowing, as 14 of the 31 corporations in protection name LULU a “maintain” or worse.
There’s additionally quick squeeze potential. Quick curiosity already fell 8% within the final two reporting durations, but the 5.94 million shares bought quick nonetheless make up 5.4% of the inventory’s out there float.
LULU has a optimistic historical past of post-earnings reactions, ending six of its final eight next-day classes increased, together with a 16% achieve in December. The safety averaged a 9.2% transfer during the last two years, no matter course, and this time across the choices pits are pricing in a much bigger 13.8% transfer for Friday’s buying and selling.
Lululemon Athletica Inc (NASDAQ:LULU) inventory was final seen buying and selling at $319.20, dismissing world commerce tensions due to a price-target hike from TD Cowen to $373 from $370. The shares are testing their 320-day shifting common earlier than the retailer’s first-quarter report, due out after the shut on Thursday, June 5. This strain may come crashing down quickly, nevertheless, given LULU summer time seasonality.
The athleisure retailer is among the many greatest S&P 500 Index (SPX) shares to personal this month, per Schaeffer’s Senior Quantitative Analyst Rocky White. The shares averaged a month-to-month pop of 9.4% and ended the month increased 80% over the previous decade. LULU can also be the one retailer on the checklist.
A comparable transfer from its present perch would place shares simply shy of $350, clearing that aforementioned ceiling. The safety would additionally hit its highest buying and selling stage since March and lengthen its 23% nine-month lead. A spherical of bull notes may preserve tailwinds blowing, as 14 of the 31 corporations in protection name LULU a “maintain” or worse.
There’s additionally quick squeeze potential. Quick curiosity already fell 8% within the final two reporting durations, but the 5.94 million shares bought quick nonetheless make up 5.4% of the inventory’s out there float.
LULU has a optimistic historical past of post-earnings reactions, ending six of its final eight next-day classes increased, together with a 16% achieve in December. The safety averaged a 9.2% transfer during the last two years, no matter course, and this time across the choices pits are pricing in a much bigger 13.8% transfer for Friday’s buying and selling.
