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LULU trade ideas

$LULU Mirror Deal impresses InvestorsLululemon LULU 1.66% Athletica Inc. is buying at-home fitness company Mirror for $500 million, a deal that aims to capitalize on pandemic-fueled upheaval in the fitness and retail industries. The startup sells a $1,500 tech-enabled mirror with a camera and speakers so customers can participate in live fitness classes at home. It launched in September 2018 and Lululemon said the business is on track to generate $100 million in sales in 2020. Lululemon, known for pricey yoga pants, sees Mirror as a way to bolster revenue while also providing another avenue to market its products, CEO Calvin McDonald said in a call with investors. Mirror instructors, for instance, will wear Lululemon products. The athletic apparel maker’s sales fell sharply in the April-ended quarter as U.S. and European stores were closed amid the coronavirus pandemic, and the company said it is still trying to gauge the impact of the virus on the company’s long-term bricks-and-mortar retail strategy. Lululemon had $4 billion in sales for the fiscal year ended Feb. 2. Source Wall Street Journal
NASDAQ:LULULong
by RedHotStocks
1
Why LULU will EXPLODE!Lululemon, (LULU), engages in the designing, distributing and retail of athletic apparel and accessories. May was a CRAZY month for them as their stock FLEW from its low of $214.20, ALL the way to its ATH currently at $300.40, an increase of $86.20!! The craziest thing is, in my opinion, it IS NOT even done RISING. Here is why I believe this. The start of May was shake, being that LULU had opened really close to its support of $210.74. It held its ground and fought that support, the reason being that all of the support lines are close together, meaning their is a ton of support and it would likely not break through it, which it did not. This is the case for the upcoming month. The support seams to be rising while the tock rises. As it stands, LULU is no where near its support, and is in fact, in the resistance zone. It broke through last weeks Second resistance at $294.1. Looking at the trend from the month of May, it seems that as the stock broke its weekly resistance levels, they would continue to increase. I believe the Third, Fourth, and Fifth resistance lines will continue to increase, and LULU will explode through it and become a big time player in the fashion/athletic industry. On top of just chart reading, major competitors of LULU, such as UnderArmor (UAA), is struggling to compete with LULU, as "The company experienced a loss in sales because of store closures, which dropped 23% in Q1. But the outlook for the company was grim even before the pandemic struck, its stock depreciating by more than 80% since 2015." Im getting wild here, and purchasing volume 370 calls, with 47 day expirys. These are all just my opinions, so please let me know what you think in the comment! If you have any questions, feel free to ask!
NASDAQ:LULULong
by JustOffTopic
1
LULULEMON ($LULU) 👖 | Is Becky's portfolio about to take a dip?📊🧐 Analysts have low expectations for Lululemon earnings this quarter, but the chart and other factors (like its expansion into international markets) point to high hopes moving forward. In the chart, we take a look at some levels for LULU and compare its strength to the S&P (White) to show how recent weakness and divergence from the broader market's uptrend could result in us eventually retesting support before making another attempt at highs. Support. The S1 orderblock is the target for LULU bulls if we see a correction for LULU instead of an immediate uptrend. Despite potential outlooks for future quarters, the COVID quarter earnings are unlikely to instill greed, so a correction may just be in order from that perspective alone. Below that we have the S2 and S3 bullish S/R flips, both of which could act support if S1 doesn't hold. Resistance. R1 is the main resistance on the chart. The R1 range highs aside, the current range may also end up acting as resistance if we do move down to S1 or lower. Summary. The bull case for LULU still makes sense. However, it'll take a really great outlook and perhaps an earnings beat to have the market disregard what is likely to be an underwhelming earnings report and push LULU to new highs. Given the short term weakness on the chart and expected weakness in earnings, the bulls will probably want to focus effort on defending support rather than trying to FOMO into earnings. Resources: www.earningswhispers.com + www.barrons.com + www.modernretail.co ✨Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
NASDAQ:LULU
by AlphaBotSystem
lulu is severly overbought we can see this name sliced throught the 1.27 retrace fib like butter. on a normal circumstances that should of at least act as resistance but the market didnt care and it kept going up even at severely overbought levels. now its touching the 1.41 retracement about 323 and it got rejected. we dont know if this name will keep going up the the next fib level since the market is completly detached from reality. it is not of my interest to call the top , but twe cant denie what we are seeing. if you want to lower risk, wait for it to fall bellow the 50d moving average to go short. make sure you use stop loss, and buy long date puts because the market its too dangerous to trade even at extremely overbought levels. good luck
NASDAQ:LULUShort
by Todopoderoso