Lululemon Athletica Inc

LULU remains in a Stage 4 decline under declining moving averages, with confirmed lower highs and lower lows. Medium-term bias is bearish, while short-term price is indecisive around the 9/20 EMA resistance zone. We will defer selling and look to trim into rallies back up to those EMAs where resistance is likely to hold.

• ↑International revenue grew 22% in China, hedging North American slowdown
• ↑Plans to increase new styles to 35% by spring 2026 to boost engagement
• ↓North America revenue fell 3%, consumer caution weighs on growth