Shares of athletic and yoga apparel designer and retailer, Lululemon are retesting technical support and are in danger of breaking down and dropping through a gap vacuum. There was a large gap lower in September after the company reported sales growth that fell short of analysts’ expectations, and the following quarter there was an equivalent gap higher after a report that beat analysts’ forecasts.
Category: Lulu
Is There Still Hope for Nike?
Shares of Nike have nosedived about 18% so far this year, making it the worst-performing component in the Dow Jones Industrial Average. Meanwhile, the stock has underperformed second-tier competitors such as Lululemon Athletica and Columbia Sportswear , which are up 31% and 25%, respectively, this year.