Chart from Sigma by Hydra X

Lululemon Athletica beat both earnings and revenue forecasts handily and announced a $500 million buyback. Analysts were bullish after its earnings report, with Oppenheimer calling it one of the fastest growing and healthiest brands in the consumer sector. Oppenheimer, Credit Suisse and JPMorgan have issued price targets ranging from $190 to $197. LULU gapped up ~15% to close Thursday at $167.54, a record high.

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