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Benzinga
Benzinga
Business
Melanie Schaffer

Chart Wars: Between Lululemon And Nike, Which Stock Looks Set To Jump Higher, Faster?

Lululemon NIke

Lululemon Athletica, Inc (NASDAQ:LULU) and Nike, Inc (NYSE:NKE) have both fallen significantly from their record all-time highs, with Lululemon trading down about 30% since Nov. 16 and Nike losing about 20% of its value since Nov. 5.

However, the bottom may be in for the stocks, because on Jan. 24 Lululemon and Nike both hit a support level, bounced up from it and reversed course to the upside.

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