Lululemon Athletica (LULU) is ready to report its latest quarterly numbers after the close of trading Wednesday. Let's see how traders are managing their positions ahead of the numbers.
In the daily bar chart of LULU, below, we can see that the shares made a small double top in August. Prices are trading around the cresting 50-day moving average line.
The daily On-Balance-Volume (OBV) line shows that things "stalled out" in August. The Moving Average Convergence Divergence (MACD) oscillator has been pointed down and is close to crossing below the zero line.