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LULULEMON ATHLETICA INC.LULULEMON ATHLETICA INC.LULULEMON ATHLETICA INC.

LULULEMON ATHLETICA INC.

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33L trade ideas

LULULEMON I am looking for buys from bottom of structureHi everyone: LULU has some great potential for more bullish run to the upside. We see price had a massive impulse to the upside, and already broken the previous top before the sharp dropped from Covid. Now price is forming a continuation structure, and looking very promising for another bull run. Currently this structure is not complete, so I would like to see price goes down correctively once or twice more to complete this continuation pattern before buying from the bottom of the structure. That would be the best Risk:Reward trade to go long. Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
NASDAQ:LULULong
by jojofang0901
4
$LULU Mirror Deal impresses InvestorsLululemon LULU 1.66% Athletica Inc. is buying at-home fitness company Mirror for $500 million, a deal that aims to capitalize on pandemic-fueled upheaval in the fitness and retail industries. The startup sells a $1,500 tech-enabled mirror with a camera and speakers so customers can participate in live fitness classes at home. It launched in September 2018 and Lululemon said the business is on track to generate $100 million in sales in 2020. Lululemon, known for pricey yoga pants, sees Mirror as a way to bolster revenue while also providing another avenue to market its products, CEO Calvin McDonald said in a call with investors. Mirror instructors, for instance, will wear Lululemon products. The athletic apparel maker’s sales fell sharply in the April-ended quarter as U.S. and European stores were closed amid the coronavirus pandemic, and the company said it is still trying to gauge the impact of the virus on the company’s long-term bricks-and-mortar retail strategy. Lululemon had $4 billion in sales for the fiscal year ended Feb. 2. Source Wall Street Journal
NASDAQ:LULULong
by RedHotStocks
1
Why LULU will EXPLODE!Lululemon, (LULU), engages in the designing, distributing and retail of athletic apparel and accessories. May was a CRAZY month for them as their stock FLEW from its low of $214.20, ALL the way to its ATH currently at $300.40, an increase of $86.20!! The craziest thing is, in my opinion, it IS NOT even done RISING. Here is why I believe this. The start of May was shake, being that LULU had opened really close to its support of $210.74. It held its ground and fought that support, the reason being that all of the support lines are close together, meaning their is a ton of support and it would likely not break through it, which it did not. This is the case for the upcoming month. The support seams to be rising while the tock rises. As it stands, LULU is no where near its support, and is in fact, in the resistance zone. It broke through last weeks Second resistance at $294.1. Looking at the trend from the month of May, it seems that as the stock broke its weekly resistance levels, they would continue to increase. I believe the Third, Fourth, and Fifth resistance lines will continue to increase, and LULU will explode through it and become a big time player in the fashion/athletic industry. On top of just chart reading, major competitors of LULU, such as UnderArmor (UAA), is struggling to compete with LULU, as "The company experienced a loss in sales because of store closures, which dropped 23% in Q1. But the outlook for the company was grim even before the pandemic struck, its stock depreciating by more than 80% since 2015." Im getting wild here, and purchasing volume 370 calls, with 47 day expirys. These are all just my opinions, so please let me know what you think in the comment! If you have any questions, feel free to ask!
NASDAQ:LULULong
by JustOffTopic
1