Lululemon Athletica Inc. ( $LULU ) – stock is trading little under 200 dollars as of July 14th , 2019 and offering a possible buying price between $182.99 – $192.14. Let’s look at the stocks technical actions using a weekly chart.3.
2. The stock staged a rock solid breakout back in March after a consolidation.
3. The stock didn’t post any explosive gains after that, but held on to the gains and consolidated for a while.
4. During the consolidation, the stock lost the key 50 day moving average support, but quickly recovered it.
5. The stock staged an another heavy volume breakout couple of weeks back, but gave up some of gains once the weeks is settled.
6. The stock is still finding support at the 50 DMA line in the recent consolidation.
7. The stock is offering possible buying price between $182.99 – $192.14 with a stop loss price at $168.35.
