Its obvious that lululemon (LULU) has taken a beating since Tuesday, after releasing their earnings report (another example as to why I don’t hold through earnings), it has gone from trading in the mid-$80’s all the way down to the mid-$60’s. That’s what they call down here in Florida, a “cold front”.
The stock is hovering currently at $66, and it needs to hold that level, or seen another leg down to $62 and possibly the lower $50’s, which shareholders no doubt would hate to see.
Here’s the LULU technicals you need to know about.
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