LULU Fall After EarningsLULU is currently sitting on a bubble from their last earnings call, citing positive cash flow from growth in China. If negative guidance is seen, look for price to return to 150 Level to fill in the 150-170 gap.
LULU trade ideas
LULU runup to earningsExpect this to bounce from the tank this week since earnings are coming up in a couple of weeks. taking the earnings run up and leaving next week.
LULU Showing signs of double topping & Bubble Deflation.The price action on the weekly chart clearly shows we have a double top on the candlestick bodies and a stark and merciless incidence of classic bearish divergence. The RSI does appear to have a resistance line it began to set in May of last year and that does give some more wiggle room for perhaps a couple of small green weekly candles.
A look at the daily chart shows that the RSI resistance is still very present and it predicts a downturn from the current level. The blue is divergence from within the current top and the orange is long term divergence from the other top, so the second top has internal divergence to tear it apart, and it divergence from the first top. As a general rule “gaps get filled” and the price action gapped up and that distance should generally be filled. A look at the volume profile also shows there is not a whole lot of volume holding this uptrend up and our next High Volume node is at 125. We might see some distribution there if the indicators show some bullish divergence but I think that would be a bull trap as we continue down to $80 or even lower as the LULU bubble deflates
Moving average traders should be watching for a bearish cross of the 50 and 200, which came frightfully close. When it does happen I don't think we will see the bear-bull-bear cross combo, I think the bear cross will happen once and be severe, but that is more a strong hunch than a prediction
LULU below trend supportLULU has moved below its trend support of 165.08 on high volume and needs to close above that to maintain the current trend.
LULU hovering near ATH's - long since last EarningsQuality stock, keeping long position; enjoying the strong fundamentals! Extended so waiting for next consolidation.
daily breakdownbroke down from wedge on daily, should come back to trend, if can't hold that, good short down to 80, neutral for now
LULU potential bearish breakout/ bullish uptakeLulu going up or down based on the intersecting mid and short term ranges for it
LULU: Volume rising after HFT gap up above a support levelLULU has a consolidation that moved up above the previous recent new high. The stock gapped up on HFT action to the current level. Volume is rising. The support levels for the recent gap are the Sept high and the February high. This is weak support for swing trading or momentum style trading. Earnings are expected at the end of May.
Another note on here is the INSIDE DAY candleTotally missed this yesterday.. now just wait for the b/o
$LULU Analysis NASDAQ:LULU
Lululemon Athletica beat both earnings and revenue forecasts handily and announced a $500 million buyback. Analysts were bullish after its earnings report, with Oppenheimer calling it one of the fastest growing and healthiest brands in the consumer sector. Oppenheimer, Credit Suisse and JPMorgan have issued price targets ranging from $190 to $197. LULU gapped up ~15% to close Thursday at $167.54, a record high.
$LULU: Swing Trade to all time high. Ride the wave!$LULU has been an exceptional stock; going up 79% the past year. We have a potential setup occurring for a profitable swing trade.
What to watch (1 week time frame):
- We see an incomplete head and shoulders - right shoulder can reach all time high (shown above).
- Ichimoku cloud shows bullish for next weeks or month to come - We will see the stock move higher before lower.
- Watch for a bounce on the 26 day avg line or Ichimoku Cloud Span A.
-Be patient and enter only if a bounce occurs around the 130-140 levels.
We have identified the long term trend, found an entry point and exit point. Now RIDE THE WAVE. Most important of all, BE PATIENT .
Trade at your own risk.
LULU is on the move to New Hights!LULU had a tremendously good ER. It has beat over the last 5 ER's, but this one came in way higher at 1.74 expected and 1.85 actual which is near 1.00 higher than the previous ER. Pre Market has it sitting right at its all time high. It could very well break out today into a new High and if so I believe we will see it head tword the 186.00 area within the next coming weeks!
Short this beautiful H&S daily on LULUMy opinion, not a recommendation.
To me, the pattern is clear: Head and shoulder on daily time-frame. It closes today below support, all the 'people' above will trigger stops.... IMHO
SL 150.42.
LULU ShortLULU tested 149.78 (fib 0.5) resistance and found support at 141.80.
If it cannot break 147.89 or 149.78 as we approach earnings then the inverted H&S pattern would not be confirmed and LULU can head south to 135.71 - 131.9 especially if it misses earnings at 3/28 (gap fill from Sep 19).
Bearish shark reversal in progressA little late to the party here but this one should be shorted on any kind of pop until earnings. Went w/ March 22nd puts since IV made the 28s too expensive.
Looking for 0.5 retrace at completion of H&S at the bottom of the current down channel.
LULU: I have never failed in this name trading.Wait for this to come down (price marked). Then buy long calls and you welcome.
Apr 18 - LULULULU 18-Apr-19
IV30: 52.2, IVR: 92% (Elevated)
Bear Call Spread / Call Credit Spread
+0.24D Long 1 Call: 160 Strike @ $2.81
-0.32D Short 1 Call: 155 Strike @ $4.13
-0.08D Credit: $1.32
PCR: 53:47
