I believe LULU reached the bottom. It needs a little push by the way of hiring a new CEO. Any good news will unbridle this strong horse so it can run the distance. Those who shorted the stock are waiting for further decline. Soon they have to cover and in a hurry. If you are patient investor you will be rewarded.
As of now... things can change. You can see LULU is strengthening over the past 2 days. I also think someone is picking it up whenever it falls below 65 but this can stop and change fast. Anyway it is somewhat encouraging. LULU is definitely a trade... everybody knows fundamental changed little and the sentiment will recover BUT nobody knows at what price... it still can go either way. I am just worried there are too many bulls coming in and give up in the end to put pressure on the price. That is the problem when a trade is a little obvious.