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
