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greencru
Mar 30, 2017 4:17 PM

LULU - Quarter-end washout. 4:1 ST upside. Good entry point LT Long

lululemon athletica inc.NASDAQ

Description

$51 BUY with $49.95 Stop and ST target bounce back to $54.50 resistance ant MT target $59.75. Fundamental investors will back up the truck at $46 (20x $2.30 EPS), which provides solid underpinning. LULU always gives conservative guidance, setting up for 2017 upside surprises for longer-term investors.

Comment

ST= short-term
MT= med-term
LT= long-term
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