True Religion Apparel (TRLG) made the Notable New Highs list yesterday, moving to a new high on nearly six times average volume. You can see that the stock has been going sideways for a good long while, so it might bust-a-move higher. If you put some patches and unique stitching on low-rider jeans, then people will pay $372 for a pair. (The Chairman shakes his head and chuckles.)

“True Religion Apparel, Inc., through its wholly owned subsidiary, Guru Denim, Inc., engages in the design, development, manufacture, marketing, distribution, and sale of fashion jeans and other apparel. Its products include jeans, skirts, denim jackets, and tops. The company also operated a retail store in Manhattan Beach, California, as of December 5, 2005. The company is based in Los Angeles, California.”