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After Yesterday's Decline of 1.48%, Lululemon Ath Offers Investors Better Value

By James Quinn

Lululemon Ath (NASDAQ:LULU) traded in a range yesterday that spanned from a low of $141.01 to a high of $145.09. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $142.35 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Lululemon Ath on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $127.44. Since that recommendation, shares of Lululemon Ath have risen 14.1%. We continue to monitor LULU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Lululemon Ath has traded in a range of $77.97 to $164.79 and is now at $143.10, 84% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

Keywords: rebounders lululemon ath

Ticker(s): LULU