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Shares of Lululemon Athletica Inc. (LULU) Failed to Break the Support Line
Shares of LULU touched the 50-day moving average from above but failed to traverse below the widely
watched support line of $40.01. If the stock stays above the critical 50-day moving average, then
investors may continue to buy the shares in anticipation of an upward price move.
Shares of Lululemon Athletica Inc. closed at $41.19 in the previous trading session and opened today at $40.87.
LULU is currently trading at $40.13, down $1.06 (-2.57%) in today's trading session.
The shares of the stock are trading between $39.55 and $41.17. Today's price shift was accompanied by a volume of 610,509 shares which
is less than the average volume of 1,610,600 shares.
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