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

By Amy Schwartz

Today, shares of Lululemon Athletica (NASDAQ:LULU) have fallen below their 10-day MA of $63.57 on a volume of 454K 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 $81.81 and is now at $63.45, 47% above that low. 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 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