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Lululemon Ath Crosses Above its 10-day MA (LULU)

By Shiri Gupta

Lululemon Ath (NASDAQ:LULU) shares have crossed bullishly above their 10-day moving average of $80.97 on a volume of 3.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Lululemon Ath share prices have moved between a 52-week high of $87.25 and a 52-week low of $47.26 and are now trading 85% above that low price at $87.20 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 Ath on June 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.22. Since that recommendation, shares of Lululemon Ath have risen 35.2%. We continue to monitor LULU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lululemon ath

Ticker(s): LULU