Lululemon (LULU) with a large insider purchase by a Director on 6-8-21 as 4800 shares were bought at $330 for $1.584M. It is the first notable buy since 6-26-2017 when another Director bought $5.54M at $55.50/share. LULU last week broke out of its pullback trend off early 2021 highs and also back above the 200-day moving average while nearing a breakout of the YTD value range. The $42.45B company remains one of the strongest growth stories in apparel while also positioning itself strongly in the connected fitness growth theme. LULU continues to trade at a premium valuation of 41X earnings, 8.53X Sales and 47.3X FCF but continues to deliver stellar numbers and revenues seen growing 35% in 2022 with EBITDA up 40%. LULU recently gave conservative guidance and its International markets remain a huge opportunity and a likely source of upside later this year as the reopenings catch up to the US stage. LULU continues to make all the right investments and is one of the best run consumer companies in the World. LULU looks poised for a move out of a long weekly consolidation triangle with potential upside to $450, a solid reward to risk versus $290 support.