lululemon athletica inc (LULU): Price Now Near $327.26; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for LULU

At the moment, LULU (Get Ratings)’s price is up $0.71 (0.22%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

LULU ranks 32nd in terms of today’s price percentage change out of Apparel stocks.

LULU’s Technical Outlook on the Daily Chart

Currently, LULU’s price is down $-8.3 (-2.47%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 and 20 day moving averages, resulting in them with price now being below them. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows LULU’s price action over the past 90 days.

LULU

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