Stock Of The Day: Is Lululemon Ready To Rebound?

Shares of Lululemon Athletica Inc. LULU continued to trade lower Monday, extending a slide that began on June 5. But the selloff could be nearing exhaustion—and a potential rebound may be on the horizon.Lululemon is oversold and at support. This is why we have made it our Stock of the Day. Stocks that are oversold and at support tend to rally.Stocks trend lower because there isn't enough demand. There are more shares for sale than there are to be bought, forcing the traders who wish to sell to push the pric ...