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When a stock is down sharply, sentiment is usually the last thing to recover. That’s exactly what made Lululemon (LULU) interesting when it came up during a recent Market on Close livestream — not because it was loved, but because it had been written off.
Since Barchart’s Senior Market Strategist John Rowland, CMT, highlighted the setup and structured a trade, LULU is up roughly 10%, driven in part by Elliott's activist stake — validating both the bullish thesis and the way the position was built.
