When the Price of Lululemon Athletica $LULU Talks, People Listen
June 15, 2023, 06:45 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LULU
- Buy LULU slightly over 356.17 target 390.02 stop loss @ 355.14 Details
The technical summary data tells us to buy LULU near 356.17 with an upside target of 390.02. This data also tells us to set a stop loss @ 355.14 to protect against excessive loss in case the stock begins to move against the trade. 356.17 is the first level of support below 375.12 , and by rule, any test of support is a buy signal. In this case, support 356.17 is being tested, a buy signal would exist.
- Short LULU slightly under 390.02, target 356.17, stop loss @ 391.15 Details
The technical summary data is suggesting a short of LULU as it gets near 390.02 with a downside target of 356.17. We should have a stop loss in place at 391.15though. 390.02 is the first level of resistance above 375.12, and by rule, any test of resistance is a short signal. In this case, if resistance 390.02 is being tested, a short signal would exist.
Swing Trading Plans for LULU
- Buy LULU slightly over 382.57, target 390.02, Stop Loss @ 381.47 Details
If 382.57 begins to break higher, the technical summary data tells us to buy LULU just slightly over 382.57, with an upside target of 390.02. The data also tells us to set a stop loss @ 381.47 in case the stock turns against the trade. 382.57 is the first level of resistance above 375.12, and by rule, any break above resistance is a buy signal. In this case, 382.57, 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 382.57, target 363.03, Stop Loss @ 383.67. Details
The technical summary data is suggesting a short of LULU if it tests 382.57 with a downside target of 363.03. We should have a stop loss in place at 383.67 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, 382.57, 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 379.21, target 382.57, Stop Loss @ 378.33 Details
If 379.21 begins to break higher, the technical summary data tells us to buy LULU just slightly over 379.21, with an upside target of 382.57. The data also tells us to set a stop loss @ 378.33 in case the stock turns against the trade. 379.21 is the first level of resistance above 375.12, and by rule, any break above resistance is a buy signal. In this case, 379.21, 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 379.21, target 374.49, Stop Loss @ 380.09. Details
The technical summary data is suggesting a short of LULU if it tests 379.21 with a downside target of 374.49. We should have a stop loss in place at 380.09 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, 379.21, 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 (LULU) available here: LULU.
LULU Ratings for June 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
323.22 |
| P2 |
374.49 |
363.03 |
356.17 |
| P3 |
379.21 |
382.57 |
390.02 |
AI Generated Signals for LULU
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Lululemon Athletica (NASDAQ: LULU) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for LULU can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LULU:
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