Lululemon Athletica Bearish Moving Average Crossover Alert (LULU)
Lululemon Athletica (NASDAQ:LULU) crossed under its 10-day moving average of $66.13 on a volume of 353K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Lululemon Athletica has traded in a range of $43.14 to $69.73 and is now at $65.46, 52% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Lululemon Athletica. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lululemon Athletica in search of a potential trend change.
Keywords: moving crosses lululemon athletica