Lululemon Athletica Inc. (LULU) was reviewed just the other day where I wrote that, "LULU might suffer a short-term shake-out or dip but the overall technical picture suggests we could see higher prices in the weeks and months ahead. The $160 area is our upside price target and longs should risk below $125 for traders and below $119 for investors.
LULU has reached out price target area (see chart one below).
Raise stop protection to $130 for traders and investors.
Bottom line strategy: LULU has doubled in five months. Wow! The rally could go higher but prices are certainly extended. Raise stops.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
This global metal coating company is under-followed, but not to be ignored.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
