PPR - LULU breakout

Published : May 2 2012 at 20:15 ET

LULU, maker of athletic apparel, had a continuation pocket pivot after hitting its 50-day moving average the moving to new highs in today's trade. We have mentioned LULU in prior reports (see archives). LULU has based since July 2011, then had a buyable gap up on January 10, 2012, when we mentioned it in a report. LULU continues to be a leader. Institutional sponsorship has increased over the last 6 quarters, earnings and sales are robust, group rank is 9th out of 202 groups, and overall rating is 99.

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