LULU trade ideas
LULU Bear Flag?Looks like a bear flag on the intraday, H&S on the daily.
I still don't recommend shorting any stock, but looking to buy LULU before earnings on March 26th. If this pattern follows through, I'm buying at the 50 DMA and adding at 200 DMA. As stupid as the market has been acting, I would not be surprised if this double tops on earnings.
$LULU bull-flag runnerBeen trading this setup nicely since the Q4 2018 dump
$LULU has great relative strength and is setting up a beauty bull-flag
Targets are the fib extensions off the flag
Calls in the 155+ range seem reasonable
Booked 109% in one day hold. just one of those things that worked out. Bot yesterday before BO. Trimmed calls by 1/3 as sill positive. re-couped 75% of our investment.
LULU-flagSymbol LULU
setup flag
Upcoming Earnings Jan 29, 2019 (EST) Mar 26, 2019 (EST)
Horizontal S&R: yes
Channel S&R: no
MA S&R: yes
>200ma: yes
Volume confirmation: ok
Candle Confirmation: yes
Stoch Divergence: no
Reg Trendline >85: no
Short Float: 4%
Entry 153
Stop 143
Price Target 173
Risk / Reward: 1:2
Zacks Rank: 2-Buy 2 Style Scores: F Value | A Growth | A Momentum | B VGM Industry Rank: Top 7%(17 out of 255) Industry: Textile - Apparel
Any feedback is welcomed.
Lulu at the top of the channel from ATHLikely to get a reaction down
SPX also at 200DMA. Loaded up on lulu puts!!
went long Mar 1 152 1/2 calls @ 3.30I like the momentum on this one. IMHO, may test October's highs of +/-162..
$lulu #lulu long$lulu #lulu long, 160 next week? Cup and handle in motion, 6 month cloud almost stepping out.
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.
LULU lulululuPredicting a double top at $165. No sellers at all. Target exit is $163ish.
I bought my calls yesterday, didn;t have time to post.
LULU about to pull back?looking for LULU to pull back. 153 is the gap fill form august 31st as well as a strong Fib line. if it does not push through this a good chance it falls out of the upward channel for a pullback. it is also getting over bought per the RSI
LULU above 100 & 200 dmasLULU shows relative strength, holding above its 100 & 200 day moving averages. Its long-term trend is still intact.
Disclosure: long LULU
LULU watch list Zacks Rank: 1-Strong Buy 1 Style Scores: F Value | A Growth | A Momentum | C VGM Industry Rank: Top 17%(43 out of 255) Industry: Textile - Apparel
