The charts suggest that a sustained uptrend is not yet the outcome we are likely to see.
Nordstrom is a real bargain, but I'm betting it bounces back as the reopenings continue.
I have underestimated the strength in LULU several times.
A big jump in one-day Covid-19 deaths wasn't as horrific as it appeared, and Kanye West's clothing deal with The Gap gives the retailer's stock a boost.
Ulta is truly a blue-chip name, now selling at a heavily discounted valuation compared to all its previous trading history.
Shares of the apparel retailer could rally more, but sideways action in the stock is more likely for now.
I may go there, in small size, but just for a trade.
PVH still needs to build - and retest - a bigger base pattern to launch a sustained uptrend.
LULU reports earnings Thursday. Here's how I'd trade it.
The technical signals for the stock of the online apparel service are not strong and indicate it may not be the time to go long.