$LULU - Is retesting the multi-year trendlineLululemon hits the buy a starter entry zone and retests the multi-year trendline. There is a risk of it falling to the $300 to $289 area if the trendline support fails. Be aware of the risk.
33L trade ideas
$LULU demand zone on the hourlyI am considering stepping in at $326 if it reached and observe it for an hour and look for signs of reversals. It might break and retest the demand zone. The scenario fails if it remained below 326 and closed the day below it.
It was beaten down after its earnings and it is possible for a rebound.
Not a financial advice. Do your DD.
Opportunity!Lulu has taken a beating recently, but it now is trading at it's lowest PE ratio since 2017, and I expect it to bounce off this trend. This, to me, is a GREAT opportunity to add a long position.
Not financial advice, good luck to all :)
LULU long term buy spotSNAGGED SOME HERE.
I LIKE IT
BUY LOW, SELL HIGH. Great company. Revenues are increasing and its on a 30% discount
:-)
LULU to $160 by end of the yearLULU to $160 by end of the year. My Chinese Man-Servant showed me that he bought LuLu a few weeks ago. So I slapped him. That is the only reason I have this junk on my radar. Lulu just completed a Bear Flag pattern on the Monthly. It broke out of it in March. Don't hold this train wreck into "higher for longer".
Lululemon: Unwarrented Selling Offers Excellent OpportunityNASDAQ:LULU Lululemon Athletica's Q4 performance exceeded expectations, with revenues rising 16% and gross margins growing by 4.3%. However, increased competition and price-conscious consumers have led to a decreased market cap and short-term headwinds.
Gross margins remain at 58% leading the industry and showing the prominence of the brand.
Lululemon has had great success internationally and continues to grow in Mainland China, and continues to remain a prominent brand in the United States.
Full-year diluted EPS came in at $12.20, jumping 83% y/y. With a P/E ratio of 30.57x, this entails a great deal of underlying intrinsic value.
During the year, Lululemon opened 56 net new stores, ending the year with 711 stores, showing no signs of slowing down and continues to innovate forward to keep up with competitors. While the retail environment in the United States has been recently challenging, I believe that the long-term fundamentals of the company outweigh any short-term headwinds, and the recent selloff provides an excellent opportunity for value.
I encourage potential investors to remain unemotional in volatile price action, and trust the fundamentals and management of a prominent brand and a very cash-positive business.
My one year price target remains at the technical support level of $515 with an upside of 44%.
$LULU - Could retest the trendlineNASDAQ:LULU is starting get oversold. It looks like it could retest the multi-year trendline.
$340 to $333 could be a good starter entry.
LULU has a CUP and HANDLE that is ready to RiseLULU has formed a cup and handle over the past 2 years and has finished forming the handle and is ready to rise. The RSI is also telling us that there is momentum going into the pattern
Possible Cup and Handle on LULUPrice has moved up to previous ATH. THe prior price action resembles a cup pattern. Earnings this week, possible price retracement to red line. I will use options to trade earnings.
Not financial advice
Lululemon ($LULU) Plunges 18% on Disappointing OutlookLululemon Athletica Inc. ( NASDAQ:LULU ) encountered a tumultuous Morning trading trading session on Friday, with shares plunging 18.47% following the company's release of guidance that failed to meet analysts' expectations. Amidst challenges in its Americas business and a notable shift in U.S. consumer behavior, the Vancouver-based activewear retailer painted a cautious picture for the upcoming quarter and full year.
Lululemon ( NASDAQ:LULU ), a prominent name in the activewear industry, experienced a stark decline in its stock price on Friday, as investors grappled with the company's subdued outlook for the near future. Despite reporting impressive earnings and revenue figures for the holiday quarter ending January 28, Lululemon's forward guidance fell short of Wall Street's estimates, triggering a sharp sell-off.
CEO Calvin McDonald acknowledged the evolving dynamics in the U.S. consumer landscape during the company's earnings call, attributing the slower start to the year to shifting consumer preferences and constraints in sizing and color options. While international sales, particularly in China, displayed robust growth, concerns lingered over stagnating sales in the Americas region, signaling potential challenges ahead.
Analysts had anticipated stronger revenue and earnings projections for both the current quarter and full year, but Lululemon's guidance painted a more conservative picture, citing uncertainties in consumer behavior and market conditions. The company's outlook, which forecasts modest top-line growth and diluted EPS figures below consensus estimates, raised apprehensions among investors about the sustainability of its growth trajectory.
Technical Outlook
Lululemon ( NASDAQ:LULU ) stock is currently trading below its Moving Averages indicating selling pressure on the ticker, further ascertaining to the thesis, is the weak Relative Strength Index (RSI) of 26 indicating the bears are pushing the share price lower.
Lululemon & Nike : Trade OpportunityLululemon is gapping down on earnings despite a double beat.
Nike is gapping down on earnings.
A trend is showing weakness in these consumer discretionary based stocks.
There will be many sympathy plays in the retail space.
Watch XRT tomorrow.
LULU - BullishLulu has a good long setup. Probabilities are in our favour to take a $16 move or higher on this ticker.
Not financial advice. Good luck
LULU Lululemon Athletica Options Ahead of EarningsIf you haven`t bought LULU before the previous earnings:
Then analyzing the options chain and the chart patterns of LULU Lululemon Athletica prior to the earnings report this week,
I would consider purchasing the 470usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $39.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Re-Entry - Buy LULU - 5th wave pivot identifiedRe-entered Lulu here at 446. The continued downward trend followed the ABC subwave from the previous entry (white circle) and now has the support of the bottom of falling wedge pattern. Price reversal and pivot from the end of wave 4. Buying (again) today with 1% allocation. Open @ 446.5 TP @ 509 c.14%
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Strategy:
Based on Elliot wave theory, pivot points and classic chart patterns. The 5th wave pivot strategy identifies the last impulse of the Elliot wave sequence. The 5th wave can be equal to the 3rd wave or extend to the 1.618 Fibonacci level.
Entry: A position is taken when a pivot point is reached at the end of the 4th corrective wave and the price reverses. This position is also confirmed by bouncing from the lower bound of a chart pattern or from price support level.
Exit: TP is taken from top of wave 3 or the previous resistance level.
Bullish Breakout on LULU above 466LULU is entering a really important level here and is close to breaking out of a ~3 month descending channel. As a result, I would expect a strong move at breakout if we get one and a swift move to 483 with a high chance of testing 491 in the next few trading sessions.
LULULululemon athletica inc., commonly known as lululemon, is a Canadian-American multinational athletic apparel retailer headquartered in British Columbia and incorporated in Delaware, United States.
A decent attempt to push to continue the upward momentum.
LULU Wedge BreakoutLULU has broken out of a wedge after hitting ATH and then consolidating all of January. Bounce perfectly off the 50 EMA on the daily. Active trade now. Targets $500, $515
Lululemon Pulls BackLululemon Athletica ended last year by climbing to new record highs. Now it’s pulled back, and may draw attention from dip buyers.
The first pattern on today’s chart is the December 8 breakout after earnings and revenue beat estimates. LULU has given back most of the gains and revisited the pre-earnings closing high. Will old resistance become new support?
Second, the retailer formed a hammer candlestick around the same level. That may suggest buyers are stepping in.
Next, the current price area has potential confluence with the 50-day simple moving average.
Fourth, stochastics have dipped to an oversold condition.
LULU may need to stabilize for a few sessions given its drop since December. If the current price zone holds, longer-term trend followers may look for a continued move to all-time highs.
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LULU - Inverted momentum system - Short setupLULU - Looks like it may be rolling over with potential support just below the current level. Insider selling by the chief brand officer also caught our attention.
Lulu
Lulu had a slight dip this morning, and I took the opportunity to add another contract. The chart still appears promising, and the market seems to be shaping up similarly to yesterday.
Lululemon's Strong Holiday Season Signals Power Move in Retail
Lululemon Athletica Inc. emerges as a standout player in the retail game, defying earlier cautious sentiments and setting a tone of confidence. The sportswear giant recently revised its fourth-quarter sales and profit forecasts, surprising both investors and industry observers alike. In a move that reflects resilience amidst economic challenges, Lululemon has not only weathered the storm but is flourishing, offering a compelling narrative for potential buyers.
1. Festive Boost Exceeds Expectations:
Lululemon's decision to raise its fourth-quarter sales outlook comes on the heels of a holiday season that surpassed initial projections. Contrary to earlier concerns about consumer restraint due to inflation and interest rates, the company experienced robust demand, driven by enticing discounts and strategic deals. CFO Meghan Frank's statement underlines the success of Lululemon's balanced sales trends across channels, categories, and geographies.
2. Strategic Forecast Adjustments:
The upward revision in revenue guidance, now ranging between $3.170 billion and $3.190 billion, showcases Lululemon's confidence in its sustained performance. The revised profit-per-share projections of $4.96 to $5.00, up from the previous range, hint at the brand's financial strength and ability to navigate challenges effectively.
3. Online Sales Surge and Margin Boost:
The rise of online sales, aided by discounts and "buy now, pay later" plans, played a pivotal role in Lululemon's success. Despite a highly promotional retail environment, the company reports that shoppers are making purchases at full price, contributing to impressive gross margins. This defies the common narrative of heavy discounts eroding profitability.
Conclusion:
Lululemon's recent performance not only defies industry expectations but also signals a bullish outlook for the sportswear market. The company's ability to adapt to the evolving retail landscape, capitalize on online trends, and maintain strong margins paints a compelling picture for potential investors.
LuluLULU has shown a promising reversal candle, and my upcoming targets for this week are set at $498.57 and $502.18.
