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Benzinga
Benzinga
Business
Melanie Schaffer

EXPLAINED: Is lululemon stock headed back toward all time highs technically yes and here s why | Rare Historical Photos

Lululemon LULU Nasdaq

Lululemon Athletica, Inc (NASDAQ:LULU) was trading about 1.65% higher on Thursday, as the stock attempted to break up from a bull flag pattern on the daily chart.

The bull flag pattern is created with a sharp rise higher forming the pole, which is then followed by a consolidation pattern that brings the stock lower between a channel with parallel lines or into a tightening triangle formation.

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