33L trade ideas
LULU fundamental long after earningsLululemon reported earnings yesterday that were strong and further buttressed our bullish outlook on the apparel maker’s fundamentals.
Despite increasing trade war tensions, LULU has notably low exposure to China, with a mere 6% of inventory sourced from China. Nonetheless, the company has established a clear plan for dealing with the sourcing issues that could possibly result — the company will hedge with more air freight. As companies anticipate higher tariffs, ports could become congested. By flying in more products instead of shipping them by sea, LULU can dodge the problem. Lululemon CFO Patrick Guido said on Wednesday that they were “anticipating port congestion around the mid-to-late July time frame.”
Following Wednesday’s announcement, sell-side firms praised the good results and adjusted their ratings accordingly. Oppenheimer expects “continued sales strength,” Telsey rates outperform with “limited exposure to china and strong top-line momentum,” Canaccord Genuity rates a buy with a price target of $194, MKM Partners lifted its target to $215, and Cowen rates outperform, noting product and guest engagement which are set to continue through Q2 and beyond.
LULU Day Trade Breaking All Time Highs, Strong Chart/Premarket LULU is breaking all time highs after positive earnings on Wednesday after market close, stock is strong after market yesterday and today. What I would look for is higher highs and higher lows. It needs to stay above 179.50 all time highs. If the volume is good and it gives a pullback after the market opens then I would look to go Long. Its Daily chart is strong and so is the 15 min chart showing the premarket.
LULU: Never failed trading this name during earnings.Prices marked...need some help from overall market + upgrades.
nATH
LULU EARNINGSSo we netted a 2000% return on Dave & Busters puts, let's take a look at another bigger name is a small earnings group of mostly no names.
LULU should be a good play. STRADDLE this with some options.
I'll give us an upside potential of $183.00 and if things get ugly a downside target of $133.00.
Let me know your thoughts in the comments below and have a great day.
$LULU Potential downwards trend on the 30m?Please let me know your thoughts as I am a novice in the TA world.
LULU PREDICTION - BullishBearish Rising Wedge into a Bullish Expanding Triangle.
Past history with LULULEMON has shown strong earnings. Company has a solid business growth strategy. Lulu shouldn't be affected by trade war as much.
Held above the 20 SMA. Trending upwards. RSI and MACD are healthy.
Will history repeat itself? We will find out soon.
LULU Earnings TomorrowTomorrow LULU comes out with earnings. This company has performed extremely well over the past months and a favorable earnings report could re-ignite the bulls to push it to all-time highs. Will be watching the activity around the earnings release and it will present an opportunity for a long. LULU also has an average target price of 190 and it sitting at 170 so there is room to grow!
Risks
- Could just be a hype rally and have a pull back
- Already very overextended from 1Y chart
LULU: Earning this week...you know what to doTop name to play with...I have never lost in this name.
last pinchLULU looks to be on its last leg of its uptrend. The last gap we saw I believe was an exhaustion gap. The stock is very volatile right now and i believe if it breaks the trend line going downward and on heavy volume or breaks the gap resistance a plummet will follow.
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 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.
