Lululemon Athletica (LULU) continues to move lower from our short-sale entry yesterday near the 20-dema. For now, the 20-dema remains your upside covering guide while the 50-day moving average now comes into play as an initial downside target. Other possibilities include an eventual breach of the 50-day line where we might see an undercut of the prior j337.04 low of December 14th.
Short-Sale Set Up - Lululemon Athletica (LULU) 12/24/20 Follow-Up
|Published:||24 Dec 2020 10:05 ET|
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