Lululemon Athletica Bullish Moving Average Crossover Alert (LULU)
Lululemon Athletica (NASDAQ:LULU) crossed over its 10-day moving average of $57.17 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Lululemon Athletica have traded between a low of $43.14 and a high of $81.81 and are now at $57.76, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend recommended that its subscribers protect gains by selling shares of Lululemon Athletica on September 1st, 2016 by issuing a Downtrend alert when the shares were trading at $76.35. Since that call, shares of Lululemon Athletica have fallen 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses lululemon athletica