What investors think about Lululemon Athletica $LULU from here
Investors speak with their pocketbooks, this is reflected in the price of equities, and if we pay attention we can tell what they are saying. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Lululemon Athletica (NASDAQ: LULU) report below can help you, but we have more details too. The trading plans for LULU, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
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Review the LULU Trading Plans:
Long Term Trading Plans for LULU
November 30, 2020, 1:30 pm ET
The Technical Summary and Trading Plans for LULU help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this LULU Report.
LULU - (Long) Support Plan
The technical summary data tells us to buy LULU near 353.81 with an upside target of 400.23. This data also tells us to set a stop loss @ 352.79 to protect against excessive loss in case the stock begins to move against the trade. 353.81 is the first level of support below 367.95 , and by rule, any test of support is a buy signal. In this case, support 353.81 is being tested, a buy signal would exist.
LULU - (Short) Resistance Plan
The technical summary data is suggesting a short of LULU as it gets near 400.23 with a downside target of 353.81. We should have a stop loss in place at 401.39 though. 400.23 is the first level of resistance above 367.95, and by rule, any test of resistance is a short signal. In this case, if resistance 400.23 is being tested, a short signal would exist.