lululemon is oversold on a weekly basis

#lululemon athletica has fallen 35% from its recent peak.

More interestingly, is has mean reverted down to (and below) its 200 week moving average and also registered a weekly oversold reading.

Neither happen too often.

45 days ago, I posted this note about #LULU

That was 1 day before its quarterly earnings report.

https://wordpress.com/post/robzdravevski.com/7733

Myopically, it’s now 45 days until its next quarterly earnings release.

Not a personal recommendation, do your research or seek advice.

April 15, 2024

by Rob Zdravevski

rob@karriasset.com.au