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Benzinga
Benzinga
Business
Mark Putrino

Stock Of The Day: Is Lululemon Ready To Rebound?

LULU Lululemon Lululemon Athletica Inc
Lululemon

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) continued to trade lower Monday, extending a slide that began on June 5. But the selloff could be nearing exhaustion—and a potential rebound may be on the horizon.

Lululemon is oversold and at support. This is why we have made it our Stock of the Day. Stocks that are oversold and at support tend to rally.

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