LULU has broken an uptrend line going back to 2009.
The next is $45.
Here is a good write-up on Lululemon.
I favor buying dips, but I am waiting to see where this stock finds demand.
Furthermore, we are already printing some market indecisiveness at the current price level.
I personally expect this stock to bounce up from its current level, and I will enter it long at a break of $53.