LULU Top

Posted by StockBuz on April 13, 2014 at 7:46pm in Short Setups

I've been against this momo stock for some time as, in my head, I don't care how good their yoga pants are. Competitors will come to the party and what are you left with? What's your next new innovation? Zip

Notice how it was totally rejected by it's 200week SMA (falling 50d). It couldn't even fill the gap. Even if we rally hard, I will add to my short at the (falling) 200d.

Comments

Admin
StockBuz April 28, 2014 at 4:56pm
Had to chuckle when I saw this over on S/A
A sputtering performance by management on the company's analyst day didn't leave investors brimming with confidence that strong growth in Lululemon's core business will return.

A strong entry by Gap's Athleta in many markets is also a growing consideration in forecasting Lululemon's comp sales track.

Shares of LULU have fallen for 7 straight sessions and now trade 46% below their 52-week highs.
Don't feel at all guilty now about my brash statement when I posted the chart. LOL!

This reply was deleted.

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