AlthomLululemon Athletica Inc. (NASDAQ:LULU) is working its way through a challenging start to the fiscal year. After attaining a new all-time high last year, the stock has since maintained its downward momentum. YTD, shares are down nearly 50%. In prior coverage on the stock, I’ve expressed a neutral view at the highs but have outlined greater bullishness during key points during the fiscal year, such as the holiday season. Presently, I view rising competitive pressures, shifting consumer spending patt ...