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lululemon (LULU) Sees Positive Activity Following Post-EPS Slump

June 17, 2013 2:49 PM EDT
lululemon athletica, inc. (Nasdaq: LULU) shares are negative on the session, but the worst might over soon.

Market data has money flow on the name at positive $8 million, with an uptick-to-downtick ratio at 1.13 times. The 14-day money flow index is at 36.1, moving off of recent lows seen following quarterly results and planned departure of CEO Christine Day.

From the middle through end of May, shorts trimmed positions on the name by 11.6 percent to 20.7 million shares, or 20.1 percent of float.

Since reporting first-quarter 2013 results on June 10th, the stock has fallen nearly 21 percent. Shares are down about 1.7 percent on Monday's session.


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