LULU Potential Long Setup

LULU longs fought hard to take out that 325 level, and their award is a new base of support. As LULU consolidates over 325, it could possibly see a strong upward move to confluency at 350. The moving averages are in consensus for an upside move.

Fundamentally, LULU is undervalued at current prices, with new analyst price targets showing a $355 estimate.

Bulls need to hold 325 for this move to sustain.