a look at LULU

LULU is one of high beta trend-follower stocks that hasn't (yet) broken down like some of its peers (NFLX, GMCR).  it's trading at a lofty valuation and technically speaking looks precarious to break below its 2011 uptrend line…see the weekly chart below.

the second chart shows this in a daily format and also highlights the 50 and 200 day moving averages.  a break below the uptrend line may also result a break of the 200 sma.

the stock may be an interesting short below $48.


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