Bearish Moving Average Cross by Lululemon Athletica (LULU)
Lululemon Athletica (NASDAQ:LULU) shares have crossed bearishly below their 10-day moving average of $77.08 on a volume of 128K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Lululemon Athletica share prices have moved between a 52-week high of $78.50 and a 52-week low of $43.14 and are now trading 78% above that low price at $76.90 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Lululemon Athletica on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.76. Since that recommendation, shares of Lululemon Athletica have risen 6.4%. We continue to monitor LULU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses lululemon athletica