LULU: Do oppositely what so-called analyst

Pls see chart.

Note

Let us take a look what today this so-called analyst saying:
analyst Camilo Lyon at Canaccord Genuity warned investors not to buy into the recent hype on Wall Street. The stock LULU has run up 8.6% over the past three months, and closed at a 10-month high earlier this week, while the S&P 500 SPX, -0.01% has gained 6.7%. Lyon said that although Lululemon is likely to beat profit expectations, investor expectations are running "high" and "uniformly positive," which skews the risk-versus-reward profile to the downside. The FactSet consensus is for earnings per share of 52 cents and revenue of $610 million. In addition, Lyon continues to see mounting evidence that his denim-fashion shift thesis will take shape over the next four-to-six quarters, so he recommended using any strength in the stock "as a selling opportunity." He reiterated his sell rating and $43 stock price target, which is about 36% below current levels."

This analyst is smoking, LULU soared more than 7% after ER today. Do not trust any so-called analysts,do oppositely what they are saying normally,LOL.

Note

Following a strong third-quarter earnings report, Lululemon Athletica inc. (NYSE: LULU) is approaching an inflection point that could lead to billion in annual revenue, according to a Susquehanna analyst.

so i should sell my positions. sold at 75.7.

Trade closed: target reached

Note

Rally in Lululemon Athletica Inc. Stock May Be Nearing a Top

Note

Above article by Luke Lango
InvestorPlaceDecember 22, 2017

Note

That will be interesting, let's wait to see what will be true.

Note

we can buy at 65 area. now wait.

PowerOfCapital

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

PowerOfCapital