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Lululemon Athletica Inc
Company Overview: lululemon athletica inc. (NASDAQ: LULU) is a technical athletic apparel, footwear, and accessories company. The Company organizes its operations into four regional markets: the Americas, China Mainland, Asia Pacific (APAC), and Europe and the Middle East (EMEA). It conducts its business through several different channels in each market, including Company-operated stores, e-commerce, temporary locations, wholesale, outlets, a re-commerce program, and license and supply arrangements.
As per our previous US Daily Report published on ‘LULU’ on 06th August 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 237.15 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~29.11% since then and has attained resistance 1 and 2.
Noted below are the details of support and resistance levels provided in our previous report:
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