Lululemon Surges After Q4 Beat

Lululemon Athletica Inc. (NASDAQ: LULU) shares are trading higher by $5.76 at $67 in Wednesday's session. The catalyst for the rally is a Q4 beat for EPS of nickel with a slight beat for revenues. Also, the company delivered strong guidance and reported strong holiday sales.After a sharply higher open ($65.50 vs. Tuesday's close of $61.24), it retreated only $0.20 to $65.30) before resuming its move higher. So far, it has reached $67.79 before falling back under $67.The current high marks the highest level for the issue, since it peaked on June 24. when it peaked at $68.88.