LULU trade ideas
$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
scalp if gap down at openThis turd has a tendency to gap down at the open. H&S target should complete at under 139.20 which puts in the PRZ of a bullish butterfly (137-139). Target 146 or so @ .382 retrace. Textbook fib ratios all around on this butterfly.
LULU H&S and/or Bear FlagUpdating, now that it's tanking.
Goes to show why I don't like to short in this market, you never know when it's going to break. Looks to have one more leg down to $140 -141 area.
No position, watch out for earnings later this month.
Lululemon Athletica (LULU) - Head and Shoulders - ShortWith the head and shoulders formation we could see continued downside.
LULU Bear Flag?Looks like a bear flag on the intraday, H&S on the daily.
I still don't recommend shorting any stock, but looking to buy LULU before earnings on March 26th. If this pattern follows through, I'm buying at the 50 DMA and adding at 200 DMA. As stupid as the market has been acting, I would not be surprised if this double tops on earnings.
$LULU bull-flag runnerBeen trading this setup nicely since the Q4 2018 dump
$LULU has great relative strength and is setting up a beauty bull-flag
Targets are the fib extensions off the flag
Calls in the 155+ range seem reasonable
Booked 109% in one day hold. just one of those things that worked out. Bot yesterday before BO. Trimmed calls by 1/3 as sill positive. re-couped 75% of our investment.
LULU-flagSymbol LULU
setup flag
Upcoming Earnings Jan 29, 2019 (EST) Mar 26, 2019 (EST)
Horizontal S&R: yes
Channel S&R: no
MA S&R: yes
>200ma: yes
Volume confirmation: ok
Candle Confirmation: yes
Stoch Divergence: no
Reg Trendline >85: no
Short Float: 4%
Entry 153
Stop 143
Price Target 173
Risk / Reward: 1:2
Zacks Rank: 2-Buy 2 Style Scores: F Value | A Growth | A Momentum | B VGM Industry Rank: Top 7%(17 out of 255) Industry: Textile - Apparel
Any feedback is welcomed.
