Lululemon (NASDAQ: LULU) is Strong on a Near term and Midterm basis
Lululemon (NASDAQ: LULU) is Strong on a Near term and Midterm basis.
Review the Trading Plans:
Long Term Trading Plans for LULU
May 2, 2018, 8:57 am ET
The technical Summary and associated Trading Plans for LULU listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for LULU. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
LULU - (Long) Support Plan
Buy over 91.83 target 99.76 stop loss @ 91.57.
The technical summary data tells us to buy LULU near 91.83 with an upside target of 99.76. This data also tells us to set a stop loss @ 91.57 to protect against excessive loss in case the stock begins to move against the trade. 91.83 is the first level of support below 99.7 , and by rule, any test of support is a buy signal. In this case, support 91.83 is being tested, a buy signal would exist.
LULU - (Short) Resistance Plan
Short under 99.76 target 91.83 stop loss @ 100.02
The technical summary data is suggesting a short of LULU as it gets near 99.76 with a downside target of 91.83. We should have a stop loss in place at 100.02 though. 99.76 is the first level of resistance above 99.7, and by rule, any test of resistance is a short signal. In this case, if resistance 99.76 is being tested, a short signal would exist.