|Day Low/High||267.02 / 277.02|
|52 Wk Low/High||128.84 / 268.26|
The weight of the technical evidence would keep me on the sidelines from going long.
Lululemon looks vulnerable to still further declines.
Under Armour's high valuation and poor technicals make this a dangerous play.
Portfolio managers will presume that these stocks can't be as good as they were.
Until Macy's stops going down retail will stay ugly.
Essentially, Sonic has been slowly withdrawing from the stock market for years.
Lululemon's rally could go higher but prices are certainly extended so raise stops.
Maybe the reason why analysts have been chary about retail is because they've never seen anything like what's happening right now.
Don't be scared off by its chart's overbought reading, because it has momentum on its side.
Amazon's Chart? Wow! And, don't know if the timing is right just yet for Chinese names.
Lululemon 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.
Forget about ranges, they have broken out and are free to run.
This under-the-radar name reports next week; here is how I am playing it.
LULU is up 70% since March. This is how to get into the name in an intelligent way.
"Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned." -- Thomas Sowell Markets are pretty much trading at the same levels as our last update as it looks lik...
The athletic clothing retailer didn't just beat earnings -- it crushed in every aspect of its report.
The retailer is executing superbly, but the stock is looking overextended.
All of what happened this week has had quite the impact on Treasury prices, US dollar valuations, and commodity prices.
The best time to buy the stock of Costco is NOT when it's the best quarter ever.
Earnings season is winding down, but not before a host of major names report results, like Costco, Lululemon and Ulta Beauty.
The reason I own Nucor stock is for exposure to events such as this.
One by one, in what is a very short period of time, Dick's checked off every single box needed to stymie Amazon from crushing it.
It's important to know the difference between broken stocks and broken companies.
Some of the stocks that are setting up to be winners are flying under the radar.
Without that natural base of short coverers, you get no bounce.
On a day when Amazon and tech got slammed, old school classic Clorox posts a nice gain.
Let's look at how LULU looked as of Tuesday night.
They may not be 'Invincibles,' but they have other unique characteristics.