Lululemon (LULU.US) stock is trading lower during today's session despite the retailer reporting strong growth in sales. Price is currently testing major support zone at $349.50 which coincides with upward trendline and 50 SMA (green line). If sellers manage to break below, a bigger downward correction may start. Next support lies at $320.20. However if buyer swill manage to halt declines here, then another upward impulse towards $383.80 could be launched. Source: xStation5Daily Summary: CPI down, Markets Up
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