Lululemon Soars After Raised Q4 Guidance

Lululemon Athletica Inc. LULU shares are trading higher by $4.58 at $59.31 in Tuesday's session. A strong holiday season has resulted in the company raising guidance for Q4 by a few cents. After a higher open, it continued higher until it found resistance at $61.30. That fills a void in price from its September 10 high ($60.80) and September 11 low ($61.22). Since reaching that elevated level, profit-takers have come in and pushed the issue to $58.81 before rebounding back into the $59 handle.