Lululemon's Bottom Looks Pretty Stretched

The bottom of a four-month triangle pattern on the Lululemon Athletica (LULU) daily chart is being tested and the early indications are it is about to give way.

Lululemon (LULU) Source:
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The pattern began forming after a post-earnings gap higher in December last year that took the stock price back up to a 62% retracement of the 2016 range. It then started making a series of lower highs above horizontal support at the 38% retracement level and just above the top end of the gap....134 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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