On Friday I setup a trade in Lululemon Athletica Stock (LULU) in the pullback. Today the stock is showing signs that is may turn sideways with its trend.
Lululemon Athletica Stock (LULU) Chart
Looking at the chart for the past month you can see the huge jump in the stock after earnings last week and the dip back on Friday March 29.
Today you can see the stock is trending sideways. Investors are undecided and that indecision may open up further trades if the stock slips to below $160 which it could sometime this week.
At present there is no support in the stock until the $145 level.
Lululemon Athletica Stock (LULU) Chart 1 month to Apr 1 2019
Today I reviewed the sideways trend and entered new trades in the stock as I continued to add profits to this trade.
The rest of this LULU Stock trade alert is for FullyInformed Members.
Lululemon Athletica Stock (LULU) Trade Alerts and Ideas for Apr 1 2019
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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