LULU has moved below its trend support of 165.08 on high volume and needs to close above that to maintain the current trend.
LULU has a consolidation that moved up above the previous recent new high. The stock gapped up on HFT action to the current level. Volume is rising. The support levels for the recent gap are the Sept high and the February high. This is weak support for swing trading or momentum style trading. Earnings are expected at the end of May.
NASDAQ:LULU Lululemon Athletica beat both earnings and revenue forecasts handily and announced a $500 million buyback. Analysts were bullish after its earnings report, with Oppenheimer calling it one of the fastest growing and healthiest brands in the consumer sector. Oppenheimer, Credit Suisse and JPMorgan have issued price targets ranging from $190 to $197....
$LULU has been an exceptional stock; going up 79% the past year. We have a potential setup occurring for a profitable swing trade. What to watch (1 week time frame): - We see an incomplete head and shoulders - right shoulder can reach all time high (shown above). - Ichimoku cloud shows bullish for next weeks or month to come - We will see the stock move higher...
My opinion, not a recommendation. To me, the pattern is clear: Head and shoulder on daily time-frame. It closes today below support, all the 'people' above will trigger stops.... IMHO SL 150.42.
Updating, now that it's tanking. Goes to show why I don't like to short in this market, you never know when it's going to break. Looks to have one more leg down to $140 -141 area. No position, watch out for earnings later this month.
With the head and shoulders formation we could see continued downside.
Likely to get a reaction down SPX also at 200DMA. Loaded up on lulu puts!!
Until I see a valid bull case, there's no reason not to open up long puts under $147 on this one. Long term? Sure, I have faith in it - I mean who doesnt respect Mark Cuban... But there's an opportunity to go short here.
LULU has been a MONSTER this year! With Squeezes setting up on both a daily and four-hour chart makes me think it will be headed higher towards earnings which looks to be at the end of August. Depending on how it opens tomorrow (looking for a pullback) will ultimately decide how I play it. I'd like to sell an at the money put credit spread, but with the way it's...
Like many stocks, the more they Gap up the more there is profit taking when the market opens. LULU is no exception. If we go all the way back to Dec 2016 earnings LULU was Gapping beyond what a bag holder could resist selling. I suppose this brought the bears in. But if you look at LULU's latest earnings the Gaps have been below the 10% level and therefore had...
LULU is overbought with three gaps up in a row and it is time for profit taking. *This information is to be used for educational purposes only.*
This is an update of my old chart published more than a year ago (see related idea) That call paid well and here is another chance to gain big. It looks like sideways correction is coming to an end and another big drop is on the cards. The wave C (blue) is already larger than wave A within a small wxy (white). MACD shows Bearish Divergence. Target is at the...