Rising WedgeV bottom that broke out at 266.3 Perhaps LULU is just tired..dunno
LULU has been in multiple rising wedges throughout it's trip to the top. There was a bull flag earlier and she had just fallen from a rising wedge, only to form a new one
Beat earnings on 9-8 but with rising wedges there are often no buyers left due to lack of pull backs and irrational exuberance. Seems like earnings are when the wedge is broken even if the stock beats
Now there is a gap down to fill and maybe, just maybe..LULU will have a healthy trip back up
Short interest is relatively low. NV is high...strong stock. One of the market darlings
Long after fall complete
Not a recommendation
The trend is your friend until it is not