Short this beautiful H&S daily on LULUMy 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.
LULU
LULU H&S and/or Bear FlagUpdating, 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.
Lululemon Athletica (LULU) - Head and Shoulders - ShortWith the head and shoulders formation we could see continued downside.
Lulu at the top of the channel from ATHLikely to get a reaction down
SPX also at 200DMA. Loaded up on lulu puts!!
LULU - the Lemon might fall from the treeUntil 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.
Looking Long For LULULULU 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 been moving, I'm also looking at the ITM August Call options.
With one of their biggest competitors (Alo Yoga) being under intense scrutiny all year, it appears they have been the benefactor from their misfortune. That aside, the chart looks very bullish and I'll be looking to play it long with options.
LULU week of June 4thLike 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 room to move on an intraday giving some nice
trades on the long side. Friday was an up day for the market and as the SPY rose on strength so did this ticker that has a privileged earnings date, (when the storm has mostly passed).
Volume was super strong ( Look at that volume bar) and Lulu marked one of it's strongest days period.
Folks wanting to short this high riser should be extremely cautious. The fundamentals on this company are very favourable and a lot of institutionals who weren't already holding may take a look in the next 2-3 days and see if LULU can hold it's gains as it has recently.
Some profit taking is likely at the Monday open and at resistance levels but I would wait and see. I think the first dip gets bought and we're off to a higher close tomorrow setting the tone for the week and the quarter as the seasonality plays into LULU favour as well.
I'm sure Buffet already bought a bunch last quarter.
LULU Short - Three Gap Ups on DailyLULU 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.*
Lululemon Athletica (LULU). Another chance to gain big.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 previous major low at the 36.26 mark.
Athletic apparel makers are under pressure though.
RANGE breakout 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.
Lululemon momentum comes to a screeching haltGapped down to support... bounce or break... what we do from here worth watching
www.cnbc.com
LULU breaks major trendline.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.
LULU - Quarter-end washout. 4:1 ST upside. Good entry point LT$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.
OPENING: LULU DEC 16TH 49/52/64/67 IRON CONDOR... 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: 51.06/64.94
I'll look to manage this at 50% max profit on the post-earnings volatility contraction.
Earnings dip provides long opportunity. Reward/Risk ratio = 2.7xFUNDAMENTALLY: 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 OVERSOLD
- Currently trading in the middle of the range ($65.98) of its long-term uptrend channel ($48 - $82).
- Staged a powerful breakout in late March 2016.
- Previous resistance (descending dotted line) has turned support.
- Got hammered after flat earnings and esp. after hitting previous historical high.
- Remains above main supports (see graph).
- Currently looking oversold (RSI<30) and building a base above 200d MA.
- Next levels to watch on the downside are $65.25 (200-MA) and $60.00 (breakout support).
TRADING CONCLUSION
- Go long at the current price with upside targets at $71.50 and $82.00 and stop-loss at $60.
- Compelling Reward/Risk ratio of 2.7/1.
- Expect trade duration of 13 weeks, in line with recent up-channel duration.
$LULU Falling$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
