Lululemon Stock Shows Bullish Momentum Ahead Of Q3 Earnings

Lululemon Athletica Inc LULU will be reporting its third-quarter earnings on Thursday. Wall Street expects $2.69 in EPS and $2.36 billion in revenues as the company reports after market hours.

The stock is down 24.73% over the past year, up 11.57% over the past month.

Let’s look at what the charts indicate for Lululemon stock and how the stock currently maps against Wall Street estimates.

Lululemon Stock Strongly Bullish Ahead Of Q3 Earnings

LULU stock is displaying a strongly bullish technical setup, with its share price of $343.01 comfortably trading above its five, 20 and 50-day exponential moving averages.

Chart created using Benzinga Pro

This consistent positioning signals robust buying pressure, reinforcing the bullish trend. Additionally, the stock is well above key simple moving averages (SMA), including the eight-day SMA at $330.76, the 20-day SMA at $321.99, the 50-day SMA at $302.35 and the 200-day SMA at $320.01, all generating bullish signals.

The MACD indicator at 9.73 further supports this momentum, pointing to sustained upward movement. However, the Relative Strength Index of 67.37 suggests LULU stock is approaching overbought territory, signaling the need for caution in the short term as momentum builds.

Overall, the technical indicators align to suggest a bullish outlook for LULU stock.

Lululemon Analysts See 4% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Lululemon stock stands at a Buy with a price target of $365. The latest analyst ratings for Lululemon stock from Evercore ISI, Oppenheimer and Morgan Stanley imply a 3.75% upside, with an average price target of $360.

LULU Price Action: Lululemon stock was up 0.9% at $345.61 at the time of publication Thursday.

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