Lululemon Forms Bearish Engulfing at Resistance

Not all stocks participated in Wednesday's big advance. Lululemon (LULU) started strong,
but quickly succumbed to selling pressure and closed sharply lower. With a strong open
and weak close, a bearish engulfing pattern formed at resistance. Also notice that MACD
moved below its signal line last week.

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Click this image for a live chart

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