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Lululemon

Lululemon (LULU) moves off Trendline Support and Breaks HigherLULU has been rising in a trend channel since April. The price recently pulled back to channel support and then consolidated there. On Oct 10 the price broke above the consolidation signaling a long entry. The chart shows two trade scenarios. One is entering when the price breaks above the consolidation. This trade has a 6:1 reward to risk based on the estimated exit (top of channel). Spotting the channel and the consolidation would have alerted a trader to be on the lookout for an upside breakout. I posted this on Oct 9 in my free Facebook swing trading group (www.facebook.com). An order could have been placed to enter when the price broke above the consolidation high. The other scenario is a late entry near the closing price on Oct 10. Still a good trade potentially, but the reward:risk drops to about 3:1.
NASDAQ:LULULong
by CoryMitchell-CMT
$LULU: Swing Trade to all time high. Ride the wave!$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 before lower. - Watch for a bounce on the 26 day avg line or Ichimoku Cloud Span A. -Be patient and enter only if a bounce occurs around the 130-140 levels. We have identified the long term trend, found an entry point and exit point. Now RIDE THE WAVE. Most important of all, BE PATIENT . Trade at your own risk.
NASDAQ:LULULong
by Litwolf
LULU Bullish Flag formation near completion.LULULEMON is currently in the controlled profit taking stage of the flag for the current bull flag formation. The previous advance since an earnings surprise is used as the length of the flagpole and also the measuring objective of the next advance. If we see some significant volume on the breakout then we could be set up for some nice quick profit. If volume diverges from an increase or does not increase at all this is Bearish and therefore no entry should be taken. Could see some more controlled profit taking before an advance, watch for volume.
NASDAQ:LULULong
by edwinguy99
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
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