NASDAQ:LULU   lululemon athletica inc
Lulumelon Athletica


Short Term - We look to Sell at 329.26 (stop at 346.16)

They reported better than expected earnings and the stock jumped up premarket. The medium term bias remains bearish . We are assessed to be in a corrective mode higher. Bespoke resistance is located at 332.00. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.

Our profit targets will be 284.68 and 272.00

Resistance: 332.00 / 410.00 / 478.00
Support: 283.00 / 246.00 / 129.00

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