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Lululemon Athletica Crosses Below its 10-day MA (LULU)

By James Quinn

Lululemon Athletica (NASDAQ:LULU) shares have crossed bearishly below their 10-day moving average of $77.02 on a volume of 347K shares. Swing traders may find 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 $78.40 and is now at $76.09, 76% above that low. The 200-day and 50-day moving averages have moved 0.08% higher and 0.57% higher over the past week, respectively.

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 6.1%. 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

Ticker(s): LULU