Previous Recommendation
LULU Athletica was previously recommended by Caligiuri Investments on December 9th, 2010. Since then, the share price has increased from $63.56 to a share price of $85.31. This is an increase of 34%. If you would like to read the previous recommendation, please click here.
Still a Good Buy
Despite the 8% jump today, I still feel that LULU is a good buy. Investors Business Daily's (IBD) analysis of the share price jump is below:
"Lululemon Athletica (LULU) leapt 9% and cleared a 85.38 buy point in a base-on-base pattern. There's no specific company news, but the stock has already traded nearly double its average daily volume. The yoga apparel and accessories retailer remains one of the market's leaders, with earnings growth of 60% to 200% the past four quarters."
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Basically, investor confidence in LULU Athletica is increasing. As the company expands its operations, consumers are beginning to understand the powerful appeal of LULU products. I fully expect this consumer confidence to continue increasing, which in turn will lead to more profits for investors.
Michael R Caligiuri owns stock in LULU Athletica
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