Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Lululemon (LULU) Recently Broke Out Above the 200-Day Moving Average
After reaching an important support level, Lululemon (LULU - Free Report) could be a good stock pick from a technical perspective. LULU surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a support or resistance level.
Shares of LULU have been moving higher over the past four weeks, up 7.2%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that LULU could be poised for a continued surge.
Looking at LULU's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 14 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.
Investors may want to watch LULU for more gains in the near future given the company's key technical level and positive earnings estimate revisions.