LULU Stretched at $208.97, RSI Overbought
BearishLululemon Athletica Inc (LULU) closed down 0.68% at $208.97 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Price trades above the 9-day EMA ($207.42) with a bullish stack. The 21-day EMA at $197.99 provides support.
Momentum
RSI at 72.2 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (9.71 vs signal 8.82).
Volatility
Bollinger Band width at 26.0% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Key levels to watch: Support at $171.35, Resistance at $222.62.