LULU – Lululemon Athletica Inc. [Consumer Discretionary, Clothing & Accessories]

Context Technical Analysis

In early-November LULU moved above its 10- 20- and 50-day exponential moving averages.

The stock is moving in a bullish channel between its 20-day exponential moving average and the upper Bollinger Band.

The stock’s 20- and 50-day exponential moving averages follow below the 10-day exponential moving average, a sign of a strong uptrend

Momentum

MACD moved above its signal line in mid-November and it’s moving up since then

Relative Strength

LULU’s Relative Strength is moving mostly up and above its 20-day exponential moving average since mid-November.

MSI General

The general MSI is 100

Higher Time Frame

The stock’s weekly chart at the bottom is bullish because:

1. LULU moves between its 20-day exponential moving average and the upper Bollinger Band since January 2019.

2. The MACD is above its signal line and in positive territory

In addition, the stock’s Relative Strength is moving mostly up and above its 20-day exponential moving average since December 2018.

Suggested Buy

We can buy this stock when the price goes above 230

Suggested Stop Loss

Sell this stock when price falls below 220

Recommended Size

100 shares