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!
LULU trade ideas
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-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.