Lululemon Atheletica Inc Stock Code LULU.NAS
Outlook
Price broke above the cloud on 30 March and has managed to stay above the cloud, keeping the uptrend intact. In the previous trading session, price broke above a small triangle pattern, hinting at a bullish price trend ahead. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is bullish and hinting at a bullish price trend. If price is able to stay above the triangle breakout point, it could be heading towards the next resistance at $436.44.
Strategy
$376.20 Buy
$436.40 Price Target
$351.10 Risk Management Stop
3 weeks Trade Duration
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