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  1. Home
  2. / Investing

Lululemon is Very Extended After Reaching Price Target

Lululemon's rally could go higher but prices are certainly extended so raise stops.
By BRUCE KAMICH
Aug 31, 2018 | 03:45 PM EDT
Stocks quotes in this article: LULU

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.

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TAGS: Investing

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