Chart Wars: Between Lululemon and Nike, Which Stock Looks Set to Jump Higher, Faster?

Lululemon Athletica opens its first European store in Covent Garden in London, on March 28, 2014. Stuart C. Wilson/Getty Images for Lululemon Athletica

Lululemon Athletica, Inc. and Nike, Inc. have both fallen significantly from their record all-time highs, with Lululemon trading down about 30 percent since Nov. 16 and Nike losing about 20 percent of its value since Nov. 5.

However, the bottom may be in for the stocks, because on Jan. 24 Lululemon and Nike both hit a support level, bounced up from it and reversed course to the upside.