Lululemon (LULU) Keeps Trend Alive; Shares Near $70 Level, Nearly Fill Q2 Downward Gap

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lululemon athletica (Nasdaq: LULU) shares are continuing a strong trend line, up nearly 4 percent on Thursday's session to the mid-$69 range. lululemon hasn't been above the $70 range since issuing second-quarter results in June.

Shares are now up 33 percent since a near-term low at $52.20 in early August.

In terms of other technical indicators, and to give you an idea of the trend, lululemon's 50-day SMA is at $59.73 while the 100-day is much higher at $65. This shows the rise and fall of lululemon wasn't herky-jerky, but a nice, smooth shift.

Momentum is favorable as well, with the MACD keeping above the s9-day EMA signal since early August and the histogram all in positive territory.

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