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Lululemon Ath Set to Possibly Rebound After Yesterday's Selloff of 2.34%

By Nick Russo

Lululemon Ath (NASDAQ:LULU) traded in a range yesterday that spanned from a low of $137.79 to a high of $142.00. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $139.68 on volume of 591,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Lululemon Ath share prices have been bracketed by a low of $59.93 and a high of $164.79 and are now at $138.81, 132% above that low price. The 200-day and 50-day moving averages have moved 1.10% higher and 0.20% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Lululemon Ath and will alert subscribers who have LULU in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders lululemon ath

Ticker(s): LULU