(LULU) Pivots Trading Plans and Risk Controls

February 28, 2024, 06:14 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LULU

• Buy LULU slightly over 439.23 target 476.76 stop loss @ 437.96 Details

The technical summary data tells us to buy LULU near 439.23 with an upside target of 476.76. This data also tells us to set a stop loss @ 437.96 to protect against excessive loss in case the stock begins to move against the trade. 439.23 is the first level of support below 467.84 , and by rule, any test of support is a buy signal. In this case, support 439.23 would be being tested, so a buy signal would exist.

• Short LULU slightly under 476.76, target 439.23, stop loss @ 478.14 Details

The technical summary data is suggesting a short of LULU as it gets near 476.76 with a downside target of 439.23. We should have a stop loss in place at 478.14though. 476.76 is the first level of resistance above 467.84, and by rule, any test of resistance is a short signal. In this case, if resistance 476.76 is being tested, so a short signal would exist.

Swing Trading Plans for LULU

• Buy LULU slightly over 476.76, target 513.02, Stop Loss @ 475.38 Details

If 476.76 begins to break higher, the technical summary data tells us to buy LULU just slightly over 476.76, with an upside target of 513.02. The data also tells us to set a stop loss @ 475.38 in case the stock turns against the trade. 476.76 is the first level of resistance above 467.84, and by rule, any break above resistance is a buy signal. In this case, 476.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LULU slightly near 476.76, target 467.41, Stop Loss @ 478.14. Details

The technical summary data is suggesting a short of LULU if it tests 476.76 with a downside target of 467.41. We should have a stop loss in place at 478.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 476.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LULU

• Buy LULU slightly over 469.8, target 476.76, Stop Loss @ 468.7 Details

If 469.8 begins to break higher, the technical summary data tells us to buy LULU just slightly over 469.8, with an upside target of 476.76. The data also tells us to set a stop loss @ 468.7 in case the stock turns against the trade. 469.8 is the first level of resistance above 467.84, and by rule, any break above resistance is a buy signal. In this case, 469.8, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LULU slightly near 469.8, target 467.41, Stop Loss @ 470.9. Details

The technical summary data is suggesting a short of LULU if it tests 469.8 with a downside target of 467.41. We should have a stop loss in place at 470.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 469.8, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Lululemon Athletica Inc. (LULU) available here: LULU.

LULU Ratings for February 28:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	439.23
P2	469.8	446.97	476.76
P3	478.05	467.41	513.02

AI Generated Signals for LULU

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This Lululemon Athletica Inc. (NASDAQ: LULU) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LULU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LULU is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for LULU too.  All of these are offered below the Summary Table.