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LULU

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.
NASDAQ:LULULong
by TheCryptosaurusRex
2
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.
NASDAQ:LULULong
by brucechunmecom
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.
NASDAQ:LULUShort
by aibek
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.
NASDAQ:LULU
by NaughtyPines
1
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.
NASDAQ:LULULong
by HAL9000
LULU- taking Put option on earningLULU 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 on GALE in the trading room/ Executive summery link here- www.screencast.com Time Span: 22:50" Trade Status: Pending
NASDAQ:LULUShort
by AcornWealthCorp
1
LULU SCALING UP 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 (horizontal pattern), or decline. However caution on false break tho, because the trend is your friend. RSI is oversold so possible pop to the 3rd pattern could develop from now (Aug) to Sep. If stock is up nearing earnings release then I expect 4 scenarios. For instance a positive announcement I expect a gap up and maybe an overreaching of pattern 3, followed by a declining developing a 4 pattern. In contrast, if the announcement is bad and LULU is around the price level of patter 3 of the channel I expect a gap down to the forth pattern in the channel. 3rd is if earnings announcement is mixed, which most likely still precluded to be negative either way then expect a decline. lastly, nothing will happen and the only movement is intraday noise - hence the fluctuation between patterns 1 & 2. Longterm trend may remain the same.
NASDAQ:LULULong
by TraderMD
BOUGHT TO CLOSE LULU APRIL 15TH 63.5/68.5 SHORT STRANGLEWith 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 April 15th 63.5 short put for a $32 credit Bought to close LULU April 15 63.5/68.5 short strangle for a $143 debit Total Credits Collected: $179 Total Debits Paid: $145 Profit: $34/contract; $26/contract after fees/commissions Naturally, it would have been nice if the setup had worked out from the get-go, I'd been able to take 50% of the original credit received as profit and moved on, but things don't always work out that way. The important thing is that it isn't a loser, and that I got out of it fairly quickly for scratch or better and can now redeploy the buying power on a higher probability setup ... .
NASDAQ:LULU
by NaughtyPines