Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Lululemon Athletica Inc (LULU) announced on Tuesday that it had appointed Sun Choe as its new Chief Product Officer. Choe became part of Lululemons team in 2016, assuming the role of Senior Vice President of Global Merchandising.

Lululemon shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. It has also been the sharpest daily surge since September 10th. The stock went up 1.97% ($3.06) to $158.44, with the intraday high and the intraday low being at $158.94 and $153.80 respectively.

Shares of Lululemon Athletica have risen 101.60% so far in 2018, after surging another 20.93% in 2017.

Before her engagement with Lululemon Athletica, Sun Choe was Chief Global Product Merchant at Marc Jacobs. She had also assumed senior merchandising roles at brands such as West Elm, Urban Outfitters and Madewell.

“Sun has a proven track record leading world class product teams and her leadership has helped fuel our current success. I’m confident this is just the beginning of what Sun and her team will create for our guests,” Calvin McDonald, Lululemons Chief Executive Officer, was quoted as saying in the companys press release.

According to CNN Money, the 30 analysts, offering 12-month forecasts regarding Lululemon Athletica Incs stock price, have a median target of $160.00, with a high estimate of $200.00 and a low estimate of $75.00. The median estimate represents a 0.98% upside compared to the closing price of $158.44 on September 18th.

The same media also reported that 18 out of 36 surveyed investment analysts had rated Lululemon Athletica Inc’s stock as “Buy”, while 15 – as “Hold”. On the other hand, 2 analysts had recommended selling the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Lululemon stock are presented as follows:

R1 – $158.91
R2 – $159.38
R3 (Range Resistance – Sell) – $159.85
R4 (Long Breakout) – $161.27
R5 (Breakout Target 1) – $162.92
R6 (Breakout Target 2) – $163.74

S1 – $157.97
S2 – $157.50
S3 (Range Support – Buy) – $157.03
S4 (Short Breakout) – $155.61
S5 (Breakout Target 1) – $153.96
S6 (Breakout Target 2) – $153.14

By using the traditional method of calculation, the weekly levels of importance for Lululemon Athletica Inc (LULU) are presented as follows:

Central Pivot Point – $153.41
R1 – $155.94
R2 – $158.18
R3 – $160.71
R4 – $163.25

S1 – $151.17
S2 – $148.64
S3 – $146.40
S4 – $144.17

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Euro Area CPI inflation eases to 2.5% in JuneEuro Area CPI inflation eases to 2.5% in June Annual consumer price inflation in the Euro Area has decelerated to 2.5% in June from 2.6% in May, in line with market consensus, preliminary data by Eurostat showed on Tuesday.Prices rose at a slower rate for food, alcohol and tobacco […]
  • Copper with limited gains ahead of FOMC meetingCopper with limited gains ahead of FOMC meeting Copper gained on Monday, but remained limited amid speculation about the upcoming FOMC meeting and Ben Bernankes statement on the U.S. economy and the future of Feds Quantitative Easing program.On the Comex division of the New York […]
  • Singapore’s April non-oil exports shrink less than expectedSingapore’s April non-oil exports shrink less than expected Singapore's non-oil domestic exports were reported to have decreased at a lesser rate than expected in April, while marking the third consecutive month of decline.The nation's non-oil exports dropped 9.3% year-on-year in April, […]
  • Crude oil weekly recap, September 15 – September 19Crude oil weekly recap, September 15 – September 19 WTI and Brent futures were little changed this week, as investors struggled to find direction amid speculation of a cut in OPEC output and ample global supplies. A pricier dollar also weighed on contracts, though the upbeat economic data also […]
  • Exxon Mobil shares close lower on Tuesday, activist investor Jeffrey Ubben appointed to company’s boardExxon Mobil shares close lower on Tuesday, activist investor Jeffrey Ubben appointed to company’s board Exxon Mobil Corp (XOM) said earlier this week that it had appointed activist investor Jeff Ubben and Michael Angelakis, previously Chief Financial Officer at Comcast Corp, to its board of directors.The news came after Tan Sri Wan […]
  • Forex Market: USD/CAD daily forecastForex Market: USD/CAD daily forecast During yesterday’s trading session USD/CAD traded within the range of 1.0917-1.0960 and closed at 1.0922.At 11:07 GMT today USD/CAD was gaining 0.08% for the day to trade at 1.0932. The pair touched a daily high at 1.0932 at 11:06 […]