Lululemon Athletica (LULU) stock price recorded gains in its latest intraday trading, amid continued dynamic support from trading above its SMA50, which reinforces the stability and strength of the short-term corrective upward trend. In addition, a positive divergence has begun to form on the RSI after it reached extremely oversold levels in an exaggerated manner compared to price action, alongside the start of a positive crossover.

 

Therefore we expect the stock price to rise in upcoming trading, as long as the $188.50 support level holds, to target the $234.85 resistance level.

 

Today’s price forecast: Bullish