Lululemon Tanks After Q3 MIss And Lower Guidance - Lululemon Athletica (NASDAQ:LULU)

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Lululemon (NASDAQ: LULU) shares are trading lower by $6.650 at $46.16 in Wednesday's session. The issue is being punished for a Q3 miss of $0.02 on lower sales. Also, the company slashed Q4 and FY2015 EPS and sales guidance.For now, the low of the day stands at $46.33 and the issue is not far from level.If the decline continues, there may be additonal support at its November 11 low ($45.74).

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