Shares of Lululemon Athletica inc. (NASDAQ:LULU) b
Post# of 107
(Total Views: 751)
Posted On: 03/30/2017 10:57:36 AM
Shares of Lululemon Athletica inc. (NASDAQ:LULU) became the latest retail casualty after reporting disappointing earnings results. The athletic apparel maker dropped over 20% to $52 from a closing price on Wednesday of $66.30. This free fall will take the stock below a major support line (seen in the chart below), triggering continued selling in the coming days. Investors would be wise to stay away from bottom fishing until Lululemon Athletica inc.hits $37.00. This will be the longer term accumulation zone. A day trading scalp level today for aggressive investors would be $49.85. Look for a quick Dollar bounce off that level.
Stock investors chart buy level on Lululemon Athletica inc.
Stock investors chart buy level on Lululemon Athletica inc.
(0)
(0)Lululemon Athletica Inc. (LULU) Stock Research Links
I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.
Scroll down for more posts ▼