lululemon athletica has been rather quietly basing of late. We know the stock has seen a tremendous run since March 2009. Currently, the weekly chart is sporting a cup and handle setup. Perhaps this one will be a bull trap after such a multi-year uptrend. But it could just as easily see one final push higher before we see late-stage base failure. We have not yet seen the type of distribution (heavy selling by institutions) that you would expect to see working towards a major top.
Let’s see if the MILFs can stretch out their LULU pants one more time…
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Hilarious title and comment lol.