Been stalking this one for a while. We are close to a range break. Might need another day of rest but its close to a multi day move when it can break and close over.
Buy above 58 Tgspxt 64.50 Stop loss 56.50 if trade activate.
Gapped down to support... bounce or break... what we do from here worth watching www.cnbc.com
Technically speaking LULU has broken an uptrend line going back to 2009. The next support level is $45. Fundamentals Here is a good write-up on Lululemon. I favor buying dips, but I am waiting to see where this stock finds demand.
$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.
... for a .92 credit. Truth be told, I chased a bit. It announces earnings tomorrow after market close, but just wanted to get into play, since there isn't much premium out there to be sold, and I won't have time to putz with it tomorrow. Here are the mid price metrics: Probability of Profit: 61% Max Profit: $94 Max Loss/Buying Power Effect: $206 Break Evens:...
FUNDAMENTALLY: COMPELLING GROWTH AND EARNINGS PROFILE LULU is a specialized sportswear company with superior growth (revenue CAGR +24%) and profitability (ROE >20%). The stock was recently hammered on earnings which were in line, probably due to a rich valuation. This provides an entry opportunity into the stock. TECHNICALLY: STILL SOLID AFTER THE DIP, AND...
$LULU has been one of the hottest stocks this year....until today. Their mixed guidance for next year is nothing to worry about. If you don't live in a cave you know every girl either wants or wears lulu. I know there are cheaper options, but lets be honest...they are a status symbol. As long as the stock holds $67, i think you pick some up. www.trendyprofits.com
LULU seems scooping after a huge run & also breaking down from a rising wedge. Money-flow is strongly down in the neg-side. We think its run is over, and it will fall from here with the earning report. On the trading side we like to take option on earnings here, we are looking for SepW1 75 put $2.07, and Oct 75 put for $3.46 You can check our updated analysis...
Flat correction. Target for C is at the trough of the wave A = 36.26. Way to go!
Possible 123 pattern. Earning announcement in Sep 8th. If your looking for a quick trade best to wait for 4th pattern to develop as an entry point to go long. 2nd options is aggressive and its shorting at the resistances level 3rd pattern, then exiting near (or reaching near) 4th pattern. Anomaly movement is no rally to the 5th pattern point, consolidation...
With this little dip here we got today, I bought back my LULU short strangle to close it out for a small profit. Here's the whole chain: Sold to open LULU April 8th 54/68 short strangle for $130 credit Bought to close LULU April 8th 54 short put for a $2 debit Rolled LULU April 8th 68 short call to April 15th 68.5 short call for a $17 credit Sold to open LULU...
I didn't like how price was dancing around my short call strike post earnings, particularly with an analyst upgrade that's probably keeping it there, so I rolled the April 8th 68 short call to the April 15th 68.5 to give it a touch more space and time to work out (filled for a .12 ($12) credit). Since I closed out my original setup's short put at near worthless,...
With the short put nearing worthless here, I'm closing it out for a .05 debit ($5). I received a .68 credit for the 54 short put ($68), so I realized a profit of .68 - .05 = .63 ($63)/contract on that side. Unfortunately, price is getting uncomfortably close to my short call side ... .
I'm going to go with a nondirectional bias here (pretty much always do). Here are the metrics for both a run of the mill one standard deviation short strangle, as well as an iron condor: April 8th 54/68.5 short strangle Probability of Profit: 70% Max Profit: 1.30/contract ($130) Buying Power Effect/Max Risk: ~$616/undefined Break Evens: 55.30/67.20 April 15...
LULU announces earnings on Wednesday before market open, so look to put on your setup before close on Tuesday. This is what I'm looking at tentatively right now: April 8th 53.5/68.5 short strangle Probability of Profit: 73% Max Profit: $124/contract Buying Power Effect/Max Risk: $616/undefined Notes: This is a tentative setup. Naturally, a lot depends on how...