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American Stocks Analysis
May 9, 2024 5:31 AM

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

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