Filling the Gap? lululemon athletica inc. (NASDAQ:LULU)

by Josh Shares of lululemon athletica inc. ($LULU) are crossing above the 200 day moving average today. This is a bullish development, the 200 day is a well respected longer term resistance line. A confirming bounce off the the 200 day will further confirm today’s move.

Shares are slow trading above the June earnings gap for the first time since selling of today. Shares were last at $70.56 (+1.4%) on a volume of 732,820 shares. Shares are now trading above both the 50 day and 200 day moving averages.

52 Week Range $52.20-$82.50 Market Cap 7,942,389,568 Average Volume 3,581,038 Dividend Yield 0.00% Institutional Ownership 47.40% Insider Ownership: 0.30% Percentage of Float Short 16.80% Beta 2.17

lululemon athletica inc. Lululemon Athletica Inc. is a designer and retailer of technical athletic apparel operating primarily in North America and Australia. Its yoga-inspired apparel is marketed under the lululemon athletica and ivivva athletica brand names.

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