Lululemon Athletica (NASDAQ: LULU) Less Than $1 Away From a Breakout Buy Signal

When most of us think of Lululemon Athletica (NASDAQ: LULU), we think about see-through yoga pants and a big product recall to remedy it.
But the drop suffered in the stock price in March 2013, when that news broke, is nothing compared to the pounding the shares have taken in the past year and a half on a series of bad news and disappointing earnings guidance.

The good news is that since the latest beating, which stemmed from a lowered earnings outlook released in June, the stock has actually been moving sideways for many months.(more)
Please share this article