Entry level $209.50 = Target price $220 = Stop loss $205
Looks like LULU is ready to take the next step higher after consolidating through Sept and Oct.
Indicators are in a bullish formation but a high volume day is required to break through the $209 region.
P/E ratio 51, acceptable in high growth.
Company profile
lululemon athletica, Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.
Looks like LULU is ready to take the next step higher after consolidating through Sept and Oct.
Indicators are in a bullish formation but a high volume day is required to break through the $209 region.
P/E ratio 51, acceptable in high growth.
Company profile
lululemon athletica, Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.