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

Lululemon Athletica

Lululemon Athletica





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

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.


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.


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About Amy Harvey

Amy R. Harvey writes forStartUps Sections In AmericaRichest.

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