$LULU at daily chart resistance See comments Came within a few ticks of ATH yester Stock up 16+ in the last week though I would like to see an open flush to 205 to long Not chasing at hods in this market day
33L trade ideas
LULU....Time to Buy Puts???I see a major dump coming from LULU. My predictions are we gap down and fill the gap from the April Earnings report. The chart never filled that gap, and we know how much charts love to fill gaps. Chart is straining at the moment. A perfect example is Shopify which had a similar pattern.
$LULU on verge of next breakout higher. Entry level $209.50 = Target price $220 = Stop loss $205
Looks like LULU is ready to take the next step higher after consolidating through Sept and Oct.
Indicators are in a bullish formation but a high volume day is required to break through the $209 region.
P/E ratio 51, acceptable in high growth.
Company profile
lululemon athletica, Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.
$LULU Maybe time to look for a bounce play. Little closer to 192Would like to see this a little closer to 192 for a bounce play
$LULU nice daily long Just downgrades See if it comes backHas a nice daily chart ready for a breakout but was just downgraded See if it can shrug the DG off and go green
Rising wedgeIf it looks like bird, smells like a plane and talks like a crow then it’s a rising wedge. Lol for real though
Keep in mind. $LULU $SPY #TRADINGIDEASLike the way this $LULU is acting here, i just going to follow this days.. Maybe a good option.
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.
LULU Long on Ascending Channel- Selling volume is decreasing on average as the price declines downwards
- Hammer with long tail shows bulls resolve on pushing prices back up when it is near the resistance and seller is losing control
Notice the price at around 190.13 on 30 min chart:
- Significantly high volume on 30 min chart green candle when it is near the intra day resistance.
- Force index is higher on the highs
$LULU faded into the ER gap Held 189.30 all week building a level there at 189.30 One to watch for a possible bounce
$LULU Short IC - tons of IV to drop here as earnings are tomorrodelta neutral trade on $LULU - when volume drops after earnings this should decay away
Long $LULU Targeting 209-218-230 as Earning beats estimates As expected earlier if earning will beats estimates by good percentage then $LULU will break up targeting new all time highs , now projected at 230 and next resistance are 209-218-230 Support will be red color channel. The expected scenario is to jump to 230 then drop to 158-168 during end of this year or begin of 2020 as flag sign located then it will be good opportunity for long-term long positions .. we can see RSI break up and MFI still on line Monday will confirm .
Noted some recommendation from many analysis as Lululemon has been on an absolute tear this year and looks poised to continue their tremendous run. The company has benefited heavily from their recent investments in store openings, and these new experience-type stores that offer a variety of services are part of Lululemon’s growth strategy to expand into new categories, like personal care.
Lulu Setting up for High Volatility playLulu beating earnings will gap it up into a supply zone from back in August. Looking at the OIC ivolatility chart, IV sitting at 50% while historic around 30%. Last time 2x when seen these levels the IV has dropped pretty hard. With indexes looking to catch up with EMAs and possible friday selloff, This could be a great set up for Call Credit Spreads here. Set it up and let time do the work for you. Im def looking to jump into this one!
Three Percent Trade Idea: Go long LULUHere is a great opportunity to pick up Lululemon Athletica .
At Three Percent Trades we have a price target of $216.00 / share, which is a potential upside of 16.9%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
$LULU ON EARNING UP TO 190 THEN DROP TO 170 BEARISH PATTERNIndicators showing positive direction for earning day as expected to announce better than expectations results but we can see weakness on RSI indicators suggested that LULU share will face resistance near by 190 and could be drop from there to below 170 as bearish trend for long term.. IF earning exceeds expectation by big amount and shares get higher than 194.5 then it will be turned to be long uptrend targeting new all time highs ..
LULU's head and shouldersLULU appears to have a H&S going, probably gonna bounce when the daily RSI goes oversold, just in time for earnings.
No position, just looking at it to see where retail sector might bounce. Might be a good long play the week before earnings to get that oversold/pre-earnings pop.
I've made too much money going long on this stock to short it, plus there are crappier companies to short like UAA.
LULU's High P/E has to matter in tiles of uncertainty. 2019 has been amazing for LULU investors but clearly some money is been taken off the table, indicators have weakened considerable and in particular momentum which has taken a nosedive.
In times of such market turmoil a consumer goods company with a 47 P/E is not the place to be, despite the growth. Global uncertainty will have a impact on consumer spending and LULU may be one company that suffers as its products are in the higher price bracket.
AVERAGE ANALYSTS PRICE TARGET $197
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 47
SHORT INTEREST 3.4%
COMPANY PROFILE
lululemon athletica, Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.
$LULUPerfect retrace and bounce from golden ratio/weekly trendline support. Waiting now for gap fill (retrace), which is also .5 retrace of current wave up.
