LULU has record history in earnings beat and optimism confirmation. Men are buying more, even if ladies are not as customers as they are used to. I'm Buying for a positive EPS surprise trade. Though EPS revision decreased 0.01$ for the upcoming release, it has increased 0.01$ for 2024. As for technical analysis, it is in a hot reverse (to bullish) zone, RSI hit the oversold zone and started to play around oversold a bit, and MACD 3,9 is crossing yet it is still below. There is good risk reward tradeoff. Also, international growth is kicking off.
LULU is just a great business, run by smart people. Faster revenue growth than NKE, higher median return on invested capital over the past 10 years, and cheaper on a PE basis. Hard not to like this.
LULU after carefully reviewing the chart and fundamentals I’m going out of this trade prior to the earnings, I’ll hop on when I have more certainty. The weekly chart doesn’t look healthy and forming bearish wyckoff pattern. I’ll hop on around $200