lululemon athletica inc.
做多
已更新

LULU Long

176
test
註釋
Slightly rising wedge on 1D - strong earnings report on Thursday. From long-term perspective, LULU is obviously a very bullish company: The company has a three-year annualized earnings growth rate of 25% and sales growth rate of 18%. Annual return on equity in Lululemon's latest fiscal year rose to 38% from 33.8%. Annual pretax margin also expanded nicely to 22.6%.

My plan is simple; Wait for SMI (stochastics momentum index) to show bullish cross (hopefully below -0.50 interval). If LULU does experience some more sell off this week, it will most likely consolidate or trend in the mid range of the OmniBands. I plan on being patient with this play, as SMI is showing some more potential sell-off. Price is currently touching the 50 MA, so seeing that act as resistance would be nice. But for now, be patient!!!

Entry Price: Bullish SMI cross w/confirmation
Price Target 1: 370
Price Target 2: 400
Stop Loss: Depends on where SMI entry will be, but definitely looking for a 1:3 or higher risk/reward ratio regardless. Will update this once SMI crosses.

Will keep this updated. If you liked this idea, don't forget to give it a like! Happy trading!
註釋
Currently in bullish put spreads:

+40 15 JAN 400 P
-40 15 JAN 410 P

Max profit: $30,800
Max loss: $9,200
R/R: 1/3.35

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