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SmarTrend Watching for Potential Rebound in Shares of Lululemon Athletica After 1.14% Loss
[February 26, 2013]

SmarTrend Watching for Potential Rebound in Shares of Lululemon Athletica After 1.14% Loss

Feb 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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