There has been some unconfirmed chatter this morning of a $UA bid for Lululemon at $62/share. LULU’s share price soared to $49 on the rumor and holding up rather well on the day. $UA is also looking good on the day with price breaking above the 200 day moving average.
I like the LULU on dips, and $UA looks buyable here into the holiday season. Here are the visuals:
