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LULU Target of $67-68

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October 21, 2013 – Comments (0) | RELATED TICKERS: LULU

Lululemon (LULU) has been choppy with a bullish angle of late. 

However, the stock has tested recent resistance, and not just any resistance but a cross road of resistance as shown below. 

As as result, I'd be skeptical of any future upward move that this stock might make. Instead, I'd assume this stock will likely test $67-68 in the weeks forthcoming. 

That price range would represent a bounce opportunity off of a short-term rising trend-line. 

Here's the LULU technical analysis

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