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Lululemon Rallies, but Another Athleisure Company Is Closing In Fast

Lululemon
Photo Credit: WestportWiki via Wikimedia Commons cc

Athleisure company Lululemon rallied in the stock market this week after topping its quarterly estimates and improving its outlook. But Lululemon is facing stiff competition from another company that’s moving up fast — Under Armour. Its stock is up 49 percent this year alone, on track to have its best yearly performance in five years. Craig Johnson with Piper Jaffray says it could go even higher.

“This stock has been making a base for more than a year and it has finally just broken out of this base,” Johnson said Wednesday on CNBC’s “Trading Nation. ”

Read more at CNBC.