Lululemon Athletica (LULU) is due to report its first-quarter results after the close of trading here on Thursday. How are the charts looking now and are there any clues of what traders are thinking or how they're positioning? Let's dig into them.
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The S&P 500 and DJIA are convenient benchmarks, but they can hurt your returns if you give them too much weight.
Here's what I found most positive about the market as the week closed out.
I like to identify a chart or two with a nice setup into the next week, and OB falls into that category.