Lululemon athletica (LULU) reported earnings after the close last Thursday and then plunged 15.8% last Friday. Relative strength analysis had provided indications that the stock was vulnerable heading into the earnings report. LULU dropped out of the green zone into the yellow zone of the SIA NASDAQ 100 Index Report on February 2nd. From then to March 20th, the shares were essentially flat, posting a meager 1.4% gain, while the NASDAQ Composite rose 4.9% over the same period.
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