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LULU trade ideas

LULU holding pivot at 55, but for how long?Technically Speaking LULU is holding the pivot area of 55ish, so far, the week is not out yet. A pretty clear range looks to be forming b/w 55-80 level, assuming the 55 level holds. Fundamentals Here is a summary of the company. What to do? Bit of a tough one for me. The R/R seems to favor the long side, but I think the bigger level and tougher one to break will be the 36-40 area. Depending on your time frame and style you could scale in and stop out completely under 30-35.
NASDAQ:LULU
by CalebDismuke
Earnings dip provides long opportunity. Reward/Risk ratio = 2.7xFUNDAMENTALLY: COMPELLING GROWTH AND EARNINGS PROFILE LULU is a specialized sportswear company with superior growth (revenue CAGR +24%) and profitability (ROE >20%). The stock was recently hammered on earnings which were in line, probably due to a rich valuation. This provides an entry opportunity into the stock. TECHNICALLY: STILL SOLID AFTER THE DIP, AND OVERSOLD - Currently trading in the middle of the range ($65.98) of its long-term uptrend channel ($48 - $82). - Staged a powerful breakout in late March 2016. - Previous resistance (descending dotted line) has turned support. - Got hammered after flat earnings and esp. after hitting previous historical high. - Remains above main supports (see graph). - Currently looking oversold (RSI<30) and building a base above 200d MA. - Next levels to watch on the downside are $65.25 (200-MA) and $60.00 (breakout support). TRADING CONCLUSION - Go long at the current price with upside targets at $71.50 and $82.00 and stop-loss at $60. - Compelling Reward/Risk ratio of 2.7/1. - Expect trade duration of 13 weeks, in line with recent up-channel duration.
NASDAQ:LULULong
by HAL9000
LULU- taking Put option on earningLULU seems scooping after a huge run & also breaking down from a rising wedge. Money-flow is strongly down in the neg-side. We think its run is over, and it will fall from here with the earning report. On the trading side we like to take option on earnings here, we are looking for SepW1 75 put $2.07, and Oct 75 put for $3.46 You can check our updated analysis on GALE in the trading room/ Executive summery link here- www.screencast.com Time Span: 22:50" Trade Status: Pending
NASDAQ:LULUShort
by AcornWealthCorp
1
LULU SCALING UP Possible 123 pattern. Earning announcement in Sep 8th. If your looking for a quick trade best to wait for 4th pattern to develop as an entry point to go long. 2nd options is aggressive and its shorting at the resistances level 3rd pattern, then exiting near (or reaching near) 4th pattern. Anomaly movement is no rally to the 5th pattern point, consolidation (horizontal pattern), or decline. However caution on false break tho, because the trend is your friend. RSI is oversold so possible pop to the 3rd pattern could develop from now (Aug) to Sep. If stock is up nearing earnings release then I expect 4 scenarios. For instance a positive announcement I expect a gap up and maybe an overreaching of pattern 3, followed by a declining developing a 4 pattern. In contrast, if the announcement is bad and LULU is around the price level of patter 3 of the channel I expect a gap down to the forth pattern in the channel. 3rd is if earnings announcement is mixed, which most likely still precluded to be negative either way then expect a decline. lastly, nothing will happen and the only movement is intraday noise - hence the fluctuation between patterns 1 & 2. Longterm trend may remain the same.
NASDAQ:LULULong
by TraderMD
Pennant consolidation pattern developsSee notes on chart. Price/volume action confirms the current pattern analysis. We had a massive volume spike to the upside in the flagpole validating the start of the pattern and when the pennant breaks to the upside on heavy volume, the trade can be made to the upside target noted. Which is about a 10% move. As always wait for the confirmation signal. Using Williams %R(9) should allow us to determine some form of overbought/oversold relationship during the consolidation. A higher risk entry could be at an oversold reading and a lower pennant boundary touch on very low volume, as it might suggest the sellers are gone, but the lower risk entry is a continuation of the prior trend. Look for volume on up days toward the end of the pattern to be higher than on down days as this could give clues to the sentiment. As always trade responsibly and this doesn't constitute advice, just my opinion. Good trading,
NASDAQ:LULULong
by ShirokiHeishi