Retail Stock Could Topple Resistance
From Yahoo Finance: 2025-06-02 14:34:00
Lululemon Athletica Inc (NASDAQ:LULU) stock is trading at $319.20 despite global trade tensions, with a price-target hike to $373 from TD Cowen. First-quarter report due June 5. Shares testing 320-day moving average. Summer seasonality could impact stock soon.
LULU is one of the best S&P 500 stocks to own this month, with a monthly pop average of 9.4%. Shares could reach $350, highest level since March. Positive history of post-earnings reactions, with options pits predicting a 13.8% move for Friday’s trading.
Short squeeze potential as short interest fell 8% in last two reporting periods, but 5.94 million shares still sold short. Bull notes could keep tailwinds blowing, with 14 out of 31 firms in coverage calling LULU a “hold” or worse. Positive trend in post-earnings reactions.
Read more at Yahoo Finance: Retail Stock Could Topple Resistance