Lululemon Athletica Strong Sell
Technical analysis signals a Lululemon Athletica (LULU) strong sell. This comes after the stock bottomed out in late March 2020 below $130 and hit a high of $314.87 today. The stock has finally run into a mega up-sloping trend line that will cause sellers to emerge. Look for a technical corrective move to $265.00.
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Disclosure: None.