Lululemon Athleticas stock price (LULU) fell in the intraday levels, amid the dominance of the downward trend in the short term, with negative pressure from the 50-day sMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the pivotal support of $327.00, provided the resistance of $359.80 holds on.
Trend forecast: Bearish