Learn to Evaluate Lululemon Athletica ($LULU) using the Charts

October 08, 2023, 07:00 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LULU

• Buy LULU slightly over 358.61 target 389.36 stop loss @ 357.57 Details

The technical summary data tells us to buy LULU near 358.61 with an upside target of 389.36. This data also tells us to set a stop loss @ 357.57 to protect against excessive loss in case the stock begins to move against the trade. 358.61 is the first level of support below 367.22 , and by rule, any test of support is a buy signal. In this case, support 358.61 would be being tested, so a buy signal would exist.

• Short LULU slightly under 389.36, target 358.61, stop loss @ 390.48 Details

The technical summary data is suggesting a short of LULU as it gets near 389.36 with a downside target of 358.61. We should have a stop loss in place at 390.48though. 389.36 is the first level of resistance above 367.22, and by rule, any test of resistance is a short signal. In this case, if resistance 389.36 is being tested, so a short signal would exist.

Swing Trading Plans for LULU

• Buy LULU slightly over 371.56, target 389.36, Stop Loss @ 370.49 Details

If 371.56 begins to break higher, the technical summary data tells us to buy LULU just slightly over 371.56, with an upside target of 389.36. The data also tells us to set a stop loss @ 370.49 in case the stock turns against the trade. 371.56 is the first level of resistance above 367.22, and by rule, any break above resistance is a buy signal. In this case, 371.56, 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 371.56, target 359.70, Stop Loss @ 372.63. Details

The technical summary data is suggesting a short of LULU if it tests 371.56 with a downside target of 359.70. We should have a stop loss in place at 372.63 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, 371.56, 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 371.56, target 389.36, Stop Loss @ 370.69 Details

If 371.56 begins to break higher, the technical summary data tells us to buy LULU just slightly over 371.56, with an upside target of 389.36. The data also tells us to set a stop loss @ 370.69 in case the stock turns against the trade. 371.56 is the first level of resistance above 367.22, and by rule, any break above resistance is a buy signal. In this case, 371.56, 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 371.56, target 363.17, Stop Loss @ 372.43. Details

The technical summary data is suggesting a short of LULU if it tests 371.56 with a downside target of 363.17. We should have a stop loss in place at 372.43 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, 371.56, 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 October 08:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	358.61
P2	354.74	359.70	389.36
P3	363.17	371.56	421.04

AI Generated Signals for LULU

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Lululemon Athletica (NASDAQ: LULU) report below can help you understand how to do this. The trading plans for LULU, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.