Lululemon Athletica Inc (NASDAQ:LULU) shares are down 0.3% at $91.60 after the company said Maggie Gauger, the chief executive of Gap Inc.'s Athleta brand, will become its new president and chief product officer. The firm is also naming Joseph Godsey, as chief operating officer, with both moves taking effect on October 26.
The 20-day moving average proven formidable as the shares eye an 11th loss out of the past 12 sessions. While LULU is down 12% year to date, the stock does sport a 14-day Relative Strength Index (RSI) of 31 -- on the cusp of "oversold" territory, suggesting a short-term bounce may be in the cards.
Lastly, the athletic appeal stock's Schaeffer's Volatility Index (SVI) of 40% stands higher than just 6% of all other readings from the past year, implying that near-term option traders are pricing in relatively low volatility expectations.
