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...
LULU seems like it's about to break it's near parabolic or soon to be hyperdermic ascent. The $130 CupnHandle (CnH) target was met recently.
Risk reward looks promising. I could see one more upthrust at most by the composite operator.
Targets shown.
Reasons for taking this trade
127 as served as both support and resistance for $LULU.
Noticing the pinbar on the hourly TF, I am going short.
Take Profit Levels
124$
Stop Loss Level
127.72
Risk to Reward
4.39
I'll be shorting LULU around current levels with a stop loss around $127.50
LULU LEMON has had an incredible Q1 and Q2 explained by top line growth, stock returns, and lower production costs due to cheaper materials. While these are certainly factors that can explain growth, I'm skeptical that these factors alone have created the virtually geometric change in...
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...
So, LuLuLemon made a great report .The result of this report exceed the expectation , but reaction in 16% had been unexpecting .Good report , good market UP day and no bad profit . In fact I dont write this essay for everybody , I write it for mysels , but for me should be very pleasant if my modest advices help someon to get a profit! I wish your following trend !
This is at a 9 year, 3 standard deviation high and is extremely over extended expecting reality to set in somewhere near. 84.00 a share putting it still at the 95% for 9 nears but at least it should have wiggle room for more up there.
LULU so far has an immensely strong patter making new highs , however it's entering a corrective phase that we have to wait to see what it brings.
In a about a month from now LULU announces earnings so we definitely have to wait and see for that as well.
If LULU keeps strong and doesnt manage to break any significant supports like VTLs or cycle lows , and does...
