Lululemon (Ticker: LULU) has been on my watchlist since their last earnings date. The stock had launched from their earnings date and held strong to their upper range. That told me the demand remained strong for LULU even at the premium price range. LULU consolidated for a few days and finally broke out of their hourly trading channel. We didn’t hesitate to jump into the name. With a nice increase for the FY19 guidance and a $500M buyback program, what is NOT to like about this stock right now? It is clear the retail public loves the company and the products based on increasing in-store sales numbers, LULU could continue to trend like it has the last 12 months. I love LULU and you should watch for this name to make new 52-week highs much sooner than later.
