During the Lightning Round segment of Mad Money Thursday night one caller asked Jim Cramer about Lululemon Athletica inc. (LULU) . Cramer replied: "I like Lululemon. They're one of the retail survivors as well a lifestyle cult that people love."
Let's check and see if the charts of LULU are still in shape for further gains.
In the daily bar chart of LULU, below, we can see that prices have been in a strong uptrend from late December. Prices are above the rising 50-day moving average line and the bullish/rising 200-day moving average line.
The volume histogram shows a number of volume spikes or surges when LULU has gapped higher. The On-Balance-Volume (OBV) line shows a bullish stair-step rise the past 12 months as buyers of LULU have remained more aggressive the past year.
The trend-following Moving Average Convergence Divergence (MACD) oscillator is bullish and has been above the zero line for nearly the entire past year.