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SmarTrend Watching for Potential Rebound in Shares of Lululemon Athletica After 1.14% LossFeb 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Lululemon Athletica (NASDAQ:LULU) traded in a range yesterday that spanned from a low of $65.19 to a high of $67.66. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $66.07 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. In the past 52 weeks, Lululemon Athletica share prices have been bracketed by a low of $52.20 and a high of $81.09 and are now at $65.97, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%. SmarTrend recommended that its subscribers protect gains by selling shares of Lululemon Athletica on January 4th, 2013 by issuing a Downtrend alert when the shares were trading at $71.41. Since that call, shares of Lululemon Athletica have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |