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Watch for Lululemon Ath to Potentially Pullback After Gaining 1.65% Yesterday

By David Diaz

Lululemon Ath (NASDAQ:LULU) traded in a range yesterday that spanned from a low of $91.75 to a high of $93.54. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $92.89 on volume of 768,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Lululemon Ath share prices have moved between a 52-week high of $93.54 and a 52-week low of $47.26 and are now trading 97% above that low price at $93.23 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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 57.5%. We continue to monitor LULU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders lululemon ath

Ticker(s): LULU