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Look for Shares of Lululemon Athletica to Potentially Pullback after Yesterday's 1.81% Rise

By James Quinn

Lululemon Athletica (NASDAQ:LULU) traded in a range yesterday that spanned from a low of $52.91 to a high of $54.01. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $53.92 on volume of 923,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Lululemon Athletica share prices have been bracketed by a low of $43.14 and a high of $81.81 and are now at $53.76, 25% above that low price. Over the past week, 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: rebounders lululemon athletica

Ticker(s): LULU