Home / Start Ups / Investors / Stock Of The Day Lululemon Stock Breaks Out, Joining Nike Stock, Under Armour Stock, Ulta Beauty In Buy Range

Stock Of The Day Lululemon Stock Breaks Out, Joining Nike Stock, Under Armour Stock, Ulta Beauty In Buy Range

Lululemon Athletica

Lululemon Athletica

LULU


$6.60


4.41%


79%

IBD Stock Analysis

  • Breaking above 152.91 cup-with-handle buy point.
  • Relative strength line near record highs.
  • Rivals Nike, Under Armour also in buy range.

Composite Rating

Industry Group Ranking

Emerging Pattern

Cup with Handle

* Not real-time data. All data shown was captured at
11:12AM EST on
02/12/2019.

Yoga-themed apparel maker Lululemon Athletica (LULU) is the IBD Stock Of The Day, breaking out of a bullish base earnings. Along with Lululemon stock, rival Nike (NKE) moved higher in a buy zone while Under Armour (UAA) ran into a buy zone following Tuesday morning earnings. Ulta Beauty (ULTA), another top-rated company focused on improving one’s appearance, also is in range.




X



Lululemon Stock Breaks Out

Shares shot up 4.7% to 156.72 in the stock market today, clearing a 152.91 buy point from a cup-with-handle base. Lululemon stock has a 97 IBD Composite Rating out of a best-possible 99. The stock’s relative strength line, a measure of its performance against the S&P 500, was just off all-time highs reached late last month.

Lululemon got a lift last month after the company hiked its fourth-quarter profit outlook, citing stronger-than-anticipated holiday sales.

IBD Leaderboard added Lululemon today. Lululemon stock is on the IBD 50.

Under Armour Stock, Nike Stock In Buy Zone

Under Armour spiked 6.5% to 22.14 intraday, reversing higher from a morning low of 19.75. The move put the athletic apparel maker above a 21.62 buy point of a cup-with-handle base. Under Armour earnings topped Q4 views before the open but the company gave weak Q1 sales guidance.

Under Armour stock was above its 50-day and 200-day lines, a positive sign. But its Composite Rating is a weak 41. Its relative strength line has stumbled. Shares peaked at 52.95 back in September 2015.

Nike stock rose 1.1% to 84.57. The Dow Jones giant is still in buy range from an 81.50 cup-with-handle entry. Nike has a 95 Composite Rating.

Ulta Beauty Stock Looks Good Too

Ulta Beauty stock rose 1.9% to 303.76 on Tuesday. Shares are in buy range, above a 294.54 entry in a cup-with-handle base. The initial breakout faltered, but Ulta Beauty reclaimed the entry on Friday and advanced slightly Monday.

Ulta Beauty stock has a 98 Composite Rating. It’s also on the IBD 50.

YOU MIGHT ALSO LIKE:

Retail And E-Commerce News And Stocks To Watch

Weed To Hit Malls While Luxury Retailer To Sell Gold Rolling Papers

14 Promising Stocks Added To IBD’s Premier Watch Lists

Is This Top Software Stock Gearing Up For Potential Breakout? 

Want More IBD Videos? Subscribe To Our YouTube Channel!

Source link

About Amy Harvey

Amy R. Harvey writes forStartUps Sections In AmericaRichest.

Check Also

Dow Jones Futures: Trade Desk Stock, Acacia Jump On Earnings; Kraft Heinz Stock, Stamps.com Stock Plunge

Dow Jones futures fell slightly Thursday night, along with S&P 500 futures and Nasdaq futures. …

Leave a Reply

Your email address will not be published. Required fields are marked *