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Lululemon Athletica Bearish Moving Average Crossover Alert (LULU)

By Amy Schwartz

Today, shares of Lululemon Athletica (NASDAQ:LULU) have crossed bearishly below their 10-day moving average of $52.53 on a volume of 630K shares. This may provide short-term investors a chance 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 $81.81 and is now at $52.37, 21% above that low. 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 is tracking the current trend status for Lululemon Athletica and will alert subscribers who have LULU in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lululemon athletica

Ticker(s): LULU