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After Yesterday's Rally of 3.64% Shares Could Potentially Pullback

By Shiri Gupta

Lululemon Ath (NASDAQ:LULU) traded in a range yesterday that spanned from a low of $76.60 to a high of $80.08. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $79.00 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Lululemon Ath on June 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.22. Since that recommendation, shares of Lululemon Ath have risen 32.7%. We continue to monitor LULU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Lululemon Ath share prices have moved between a 52-week high of $83.31 and a 52-week low of $47.26 and are now trading 69% above that low price at $79.77 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Keywords: rebounders lululemon ath

Ticker(s): LULU