Cup and HandleTargets 1 for inverse H&S 395 408. Cup and handle targets are listed on chart. ABC Bullish Targets 1 are 352 362 and have been met. Long term targets for ABC pattern, if momentum continues this far are 402.5 to 429 Long term high is 399.90. This is trading in 3 patterns but no great horizontal trading zone to call a handle is evident as of yet. I drew a green lines where I see support. LULU is volatile and can move quite a bit daily as a rule, both up and down so be patient on long entry if you like LULU. Maybe try not to chase it as sometimes it is hard to catch it. She runs both forward and backward at a fast pace. It is one that I keep but try not to stress over on bad days ); It has been a while since LULU had one of those painful pull backs. Ruh Row lol. LULU is over the top Bollinger band set on a 80 moving average verses a 20 which shows extreme buying pressure and but has been riding it for several trading days. Bullish scenario but depends on your tolerance. Usually price returns to the interior of the bands. Keeping an eye on overbought levels. RSI is on 80. When I first started trading, I got the terms overbought and oversold mixed up a lot. LOL. One day I decided to use the B in overbought to help me remember the B in "Bad" as to remember OverBought conditions can be a Bad time to buy for me as I am a swing trader and an investor, not a day trader. If you read my posts it is important to remember I do not look at securities like a day trader would. Some folks like to scalp stocks and do not mind overbought conditions. We are all different and sometimes you have to play it by ear. Oversold is a good place to buy sometimes but in a bull market these levels can be hard to achieve for some securities. When a security remains oversold for extended periods, below 30 on RSI or whatever indicator you prefer for oversold conditions, it is possible there is a lot of supply at that level. In other words, lots of folks bought the security at the level that the oversold indicator gets stuck at. By the time it gets to oversold levels, the folks who bought at that level can be in a panic and selling due to fear it will go even lower. So they sell to break even, for a small gain, or for a loss. The longer the security stays oversold causes more and more panic. Folks lose patience and are like "will this dang stock ever move?" Patience can be a virtue as eventually the last group of sellers will sell. When the last seller sells, and there are not many sellers left, then you have buyers. But for me, it is just not optimal to have your money tied up in a long oversold ordeal because you can not use the cash to buy something that is moving. Securities can remain oversold for a while just like they can remain overbought for extended periods of time. Some look to sell when overbought on daily, weekly and monthly indicator levels. Many prefer buying only when an indicator reaches a certain level..ie over 50 on RSI. I do not use a lot of indicators but I do like Bollinger bands and RSI set on 80 and 30 in a bull market. There are so many indicators, the Awesome Oscillator and Volume Weighted MACD are also indicators I like when unsure. I always look at negative volume and keep it in my volume window in TOS (Think or Swim). I look at short interest as well. As a rule, I do not like the clutter of a bunch of indicators though. We are all different. Negative volume is high. Short interest is low. Knowing what type of trader you are is important as you can develop your own edge in the market. I have realized over time that I am a pattern trader, obviously. No recommendation. Risky I suppose, and since I teach yoga, so I am probably partial. Go with your gut (o:Longby lauraleaUpdated 3
Lululemon Athletica: Bank Profits Here For +12.6%Nice trade, supported by both technicals and fundamentals (see related). Bank profits into the weekend. Net money and go...by LD_Perspectives1
The triangle of LuluLululemon Ahtletica inc. is an American company that is expanding all over the world and that produces and sells sportswear specialized in athletic activities and yoga. Given the type of sport on which it specializes its business has not suffered in a marked way even the period of covid because millions of people forced into the house have bought their products online for the activities of Yoga conducted individually in their own dwellings. Its constant growth in turnover during the years really frightens and, despite its price is well beyond the fair value, according to some sites that I use for fundamental analysis, its price seems to still aim high, also helped by large-scale investors who seem to be increasingly interested in the company. Here is the movement for which Market Miracle, the algorithmic advisor that identifies and categorizes the incoming and outgoing capital from an asset yesterday generated an input signal of 362.5 USD with a target of 407 USD or with a potential profit of 12.3 Graphically the price seems to be trapped in a triangle pattern due to its situation of over-bought over the long term but it does not really seem to scare the price action towards a further climb. This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling down this page.Longby MarketMiracleAdvisor0
$LULU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LULU after a Positive under reaction following its earnings release placing the stock in drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.Longby EPSMomentum0
LULU looking nice in those hot pants...KeyCode UpdateI made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move. Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well. Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move. If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share. Thank you, iCantw84it 06.08.2021Longby iCantw84it3
Lululemon Athletica - Earnings Were GoodThe market appears to be buying into LULU. I like it long above $347. Stop: $334. Earnings Comments via financial news network CNBC: Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds Key Points: - Lululemon said fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores. - The leggings maker also issued a strong forecast for its fiscal second quarter and for the full year, saying momentum for its brand is growing across all geographies. Lululemon Athletica said Thursday its fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores. The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies. Its stock rose less than 1% on the news in extended trading. Here’s how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv survey: Earnings per share: $1.16 adjusted vs. 91 cents expected Revenue: $1.23 billion vs. $1.13 billion expected Net income grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a year earlier. Excluding one-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated. Revenue rose to $1.23 billion from $652 million a year earlier, when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion. On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s. The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon, Nike and Under Armour. It has also boosted more traditional retailers such as Gap, which recently said activewear sales continue to drive sales at both its Athleta and Old Navy banners. Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally. CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North American operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business. The company also owns the at-home fitness platform Mirror, a rival to Peloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year. CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line of products that use lower-impact dyes, and it is piloting a trade-in and resale program. For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey. For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion. Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion. “We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said. Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.Longby LD_Perspectives1
$LULU PT upgrades, aggressively beats earnings. Expecting to fly$LULU Recent PT upgrades, aggressively beats earnings. The stock is consolidating at the point of control with a triple EMA crossing. Relative volume looking good and new buyers should be coming in. Expecting this stock to fly! "Revenue increased 88% to $1.2 billion Diluted EPS of $1.11, Adjusted EPS of $1.16 lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the first quarter of fiscal 2021. Calvin McDonald, Chief Executive Officer, stated: "Our first quarter results reflected strength across all drivers of growth, fueled by the continued expansion in our e-commerce business and a rebound in brick and mortar stores. Our strong performance across categories, channels and geographies demonstrates the momentum and strength of lululemon as we shift into the new normal. All of us on the leadership team are grateful to our teams around the world who enabled these results, and who continue to focus on realizing growth." The fiscal year ending January 30, 2022 is referred to as "2021" and the fiscal year ended January 31, 2021 is referred to as "2020". The adjusted non-GAAP financial measures below exclude certain costs incurred in connection with the acquisition of MIRROR, and the related tax effects. For the first quarter of 2021, compared to the first quarter of 2020: Net revenue increased 88% to $1.2 billion. On a constant dollar basis, net revenue increased 83%. Company-operated stores net revenue increased 106% to $536.6 million. Direct to consumer net revenue increased 55% to $545.1 million. On a constant dollar basis, direct to consumer net revenue increased 50%. Net revenue increased 82% in North America, and increased 125% internationally. Direct to consumer net revenue represented 44.4% of total net revenue compared to 54.0% for the first quarter of 2020. Gross profit increased 109% to $700.3 million and gross margin increased 580 basis points to 57.1%. Income from operations increased 492% to $193.8 million. Adjusted income from operations increased 479% to $201.5 million. Operating margin increased 1,080 basis points to 15.8%. Adjusted operating margin increased 1,110 basis points to 16.4%. Income tax expense increased 827% to $49.1 million. The effective tax rate for the first quarter of 2021 was 25.3% compared to 15.6% for the first quarter of 2020. The adjusted effective tax rate was 24.5% for the first quarter of 2021 compared to 14.7% for the first quarter of 2020. Diluted earnings per share were $1.11 compared to $0.22 in the first quarter of 2020. Adjusted diluted earnings per share were $1.16 compared to $0.23 in the first quarter of 2020. The Company repurchased 0.3 million shares of its own common stock at an average cost of $311.02 per share. The Company opened two net new company-operated stores during the quarter, ending with 523 stores. The consolidated statement of operations for the first quarter of 2019 is included in the tables at the end of this release for reference. For the first quarter of 2021, compared to the first quarter of 2019: Net revenue increased by $444.2 million, or 57%, representing a two-year compound annual growth rate of 25%. Gross margin increased 320 basis points. Operating margin decreased 70 basis points. Adjusted operating margin decreased 10 basis points. Diluted earnings per share were $1.11 compared to $0.74 in the first quarter of 2019. Adjusted diluted earnings per share were $1.16 in the first quarter of 2021."Longby iamphatboy0
ABC Bullish Earnings 6-3Earnings 3-6 After Market Close. They do not miss often but there is no telling what the reaction will be. The news rarely matches the reaction it seems. No recommendation.by lauralea3
Downtrend or Symmetrical? Different perspectives outlined that I think will be made clear this week. Inverted head and shoulders showing with 332 break out being conformation.by ContraryTrader0
🍋 LULU Trade Plan (5/25)-(6/4) 👧🍋 LULU Trade Plan (5/25)-(6/4) 👧 📈 Long Above 316.75 🎯 TGT near 319-320, 322-323 ❌SL 314.30 📉 Short Below 314.30 🎯 TGT near 312.60, 310.40, 307.70 ❌SL 315.90 ✅Trend Line Confluence from March 2021 Lows. ✅Earnings Report coming up on June 3rd.by Kindredd1148
LULU - a couple of possibilitiesJust glanced at this chart this morning and saw these two divergent possibilities. Does this market still have legs or is the party over?Shortby tomj24170
LULU Possible rocketship into stratosphere $445 TargetLulu Lemon might find a reason to rocketship into the stratosphere with news of being able to start mingling again. Now that covid restrictions are loosened up. seekingalpha.com by iCantw84it 05/08/2021Longby iCantw84it1
LULU - upside to resumeAfter hitting a low of 270 in early March, LULU began a rebound that soon hit into resistence between 316-320 and pretty much gyrate between 300-320 till 9th April when it finally broke above this resistence. However it soon stall a few days later and then "crashed" all the way back to test 316 on Tuesday and rebounded strongly from there the next day (ie yesterday). A break above resistence and then a retest of this level a few days later has now establised that the resistence has now turned into a support. The odds of LULU continuing the uptrend is good (plus RSI is still above 50) with new found support around 314-316. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)Longby JuliacUpdated 2
LULU 🌦LULU forecast was sublime. Too bad I didn't buy calls. I was in so many calls in different stocks anyway. Oh well! If you like what you see why not support us? 👇Longby Moneymakero0
Upside potentialStrong support: $295 Upside Target 1: $344 Stop loss: $317 (or below 200 ema) Target 2: $373 For self-education use only. Not financial advice.Longby siccccUpdated 0
Buy some LULU yoga pants for your momLULU broke out of the downtrend. With mother's day coming up, retail should pump and who doesn't want to buy their mom some expensive yoga pantsby tongyong19860
$LULU 04/18/2021I expect a pullback for $LULU based off volatility index and the fib spirals. they were valued too high and this is a natural pullback. Although i love this company I would buy anything in the green box and I expect a bull move after closing in on bottom of fib retracement bands.Longby IAmNotUncertain1