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LULULEMON CDR (CAD HEDGED)

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LULU trade ideas

Lululemon set to breakout as bullish sentiment reignsKey Insights: Lululemon's recent price action indicates potential upward movement as it rebounds from previous lows. With recent trends suggesting a bullish momentum, investors should look for opportunities to capitalize on possible breakout conditions around the $400 resistance level. The stock's current positioning invites longer-term prospects for those willing to navigate the volatility. - Price Targets: Based on professional traders' wisdom: Next week targets: T1=398, T2=405 Stop levels: S1=385, S2=380 - Recent Performance: Lululemon has shown resilience after significant price fluctuations, recovering from lows in the $360-370 range to a current market price of $386.67. The approach to the critical resistance level at $386 suggests a pivotal moment as bullish volume gathers support while attempting to breach upward. - Expert Analysis: Analysts express optimism regarding Lululemon's trajectory, highlighting the consolidation around critical price levels that could lead to a breakout. Market sentiment is leaning positively as traders speculate on the stock crossing the resistance threshold at $400, which could invite further buying interest and an optimistic trend moving forward. - News Impact: While no specific recent news has emerged, industry trends indicate a favorable environment for health-focused apparel brands. Investor attention should remain focused on any developments from Lululemon or overarching market shifts that could impact consumer sentiment or retail dynamics, especially as the stock hovers near key resistance levels.
NASDAQ:LULULong
by CrowdWisdomTrading
LULU, a stock to watch!Lululemon stock (LULU) has traded down into the $230's for the first time since the COVID-19 Crash of 2020. I believe that LULU is a stock to keep your eye on, for a few reasons. - The stock is trading at a 20x p/e whereas its historical p/e is in the mid 40's. - Margins for the company have all been steady, and remain an industry leader. - Lululemon is still set to see 10% CAGR for EPS in the next 5 years. (consensus) - The stock is seeing a severe correction, on par with its past decade corrections. Above is bullish sentiment on LULU, and can be considered the "bull/base case" Personally, I have not turned bullish on LULU yet, but with the levels it is reaching it has most certainly caught my eye and has been added to my watch list. While the stock is seeing oversold levels, I think the midterm outlook can still remain bearish for Lululemon. Below are reasons why the short/midterm outlook for LULU may not be optimal. - Weaker forward projections compared to last 5 years. Though LULU is expecting 10% CAGR EPS for the next 5 years, that is just a fraction of its last 5 year CAGR of 38.55%. While projections are still positive, they have certainly dampened compared to recent years' growth. - Macroeconomic environment. Though the economy remains hot/fine for now, there have been warning signs flashing of a rising unemployment figure across the country. With suboptimal economic conditions, the average consumer may cut down on expensive Lululemon clothing. These Macro conditions may also continue to dampen the economy, which can cause an overall market correction, where LULU would likely follow the sentiment. Overall, I believe that LULU offers significant reward, but the shorter term horizon is still worrisome for Lululemon and the global economy. Lululemon is a leader in the Retail Trade sector and dominates when it comes to profitability. The stock is definitely one to keep an eye on if it continues to get crushed. Regarding technicals, I am watching this demand zone around the 200 level. The stock could trend down to this area, and reach close to COVID-19 lows if sentiment does not change. This area could also offer significant R/R for an entry point. Disclosure: I currently hold no position in LULU stock, and have never been a shareholder.
NASDAQ:LULU
by ZachSap
LULU - Exciting chart and predictable liquidity buildThe story of this chart is definitely bullish and while I am continuing to average into a position of shares here, I do want to identify a confirmation point where we can potentially play some longer-term options and catch the subsequent breakout of the $420 cup/neckline that we've created. Let's see some confirmations of HTF controlled selling along with LTF controlled buying (in order to get one more pullback to demand at $470/bottom of strong buying continuation. Happy Trading :)
NASDAQ:LULULong
by ReigningTrades
Lululemon (LULU) - Trend Channel Setup with Strong TargetLululemon is consolidating within a descending channel following a strong impulse move (wave iii). The price is currently forming wave iv and respecting support near $371.70. A breakout from this channel could trigger the next leg higher toward the key Fibonacci targets. Setup Details: - Entry Zone: ~$390.60 - Stop-Loss: $371.70 - Target 1: $409.96 - Target 2: $449.27 Key Observations: - Trend remains bullish supported by wave structure. - EMA ribbons below price indicate bullish momentum support. - Watch for breakout confirmation above resistance to trigger the trade. Risk/Reward: Attractive 1:3+ setup. 📊 #LULU #Trading #NASDAQ #StockMarket
NASDAQ:LULULong
by MrStockWhale
Maximize Returns: Consider Long Positions on LULU next weekRecent Performance: Lululemon Athletica Inc. has shown significant strength recently, reflecting a positive trajectory in the consumer discretionary sector. The stock is benefiting from an uptick in consumer spending, with robust sales growth supported by a strong post-pandemic focus on health and fitness. The company’s performance has been commendable, outperforming many peers while maintaining brand loyalty and community engagement. - Key Insights: Investors should note Lululemon's consistent innovation in product offerings and strategic expansion into both domestic and international markets. The company’s enhanced e-commerce capabilities and focus on sustainable practices are critical growth drivers, appealing particularly to the environmentally-conscious younger audience. The overall sentiment is to adopt a buying stance as the stock continues to gain traction. - Expert Analysis: Market experts maintain a positive outlook, with a consensus rating leaning towards ‘buy’. Analysts highlight Lululemon's strong brand equity and innovative product strategy. The company’s solid quarterly earnings and forward-looking actions position it well within the competitive retail landscape, fostering confidence in continued growth. - Price Targets: Based on current analysis, next week targets are set as T1 at $410 and T2 at $420. Key stop levels are S1 at $375 and S2 at $360. This placement of targets and stops reflects a conservative yet optimistic approach to positioning in LULU, aligning with current market dynamics. - News Impact: Recent developments include Lululemon's quarterly earnings beating expectations with strong online sales. New product lines and collaborations have also generated market interest. The company's international expansion strategy and commitment to sustainability through recycled materials significantly enhance brand loyalty, making it a compelling investment option moving forward.
NASDAQ:LULULong
by CrowdWisdomTrading
Breaking the Stretch: LULU Aiming for $355 with MomentumLululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37. Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term. NASDAQ:LULU
NASDAQ:LULULong
by The_Trading_Mechanic