Lululemon Athletica inc. LULU shares are trading higher by $1.00 at $64.68 in Wednesday's session.
The high-end apparel company will post Q4 results after the close. So far, FY2016 has been mixed for the company, posting a penny miss in Q1, in line for Q2 and a $0.04 beat in Q3, with revenues mirroring those results.
After a higher open, Lululemon's stock had a brief retreat to $64.01 before continuing its move higher. So far, the ensuing rally has paused ahead of its March 13 high ($65.45) as the current high stands at $65.30.
If the rally continues, there may be additional its March 10 high of $65.77.
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