LULU stock: buy or sell
Jul 29th, 2021
LULU stock brief
- After marking new all-time highs last Friday, lululemon closed on Wednesday at $393.09 slightly moving a 0.42%
- With the recent gains, lululemon is approaching to new all-time highs again, that are now just 3.17% above the current trading
- The stock is configuring an uptrend pattern since last March, when it bottomed at $269.28. This uptrend marked a 45.98% gain
- Lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men.
Should I buy lululemon stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $LULU stock a buy?
In the current situation of lululemon there is not any eligible buy setup. This doesn't mean $LULU will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell lululemon stock?
When is it time to sell lululemon?. Trading strategies prevent us from making impetuous decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, our setups are very easy to follow but are only valid for selling shares you already own, not for shorting lululemon stock
As a golden rule, you should never keep an investment that generates greater losses than those expected at the time of purchase. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell lululemon stock?
In the current situation of lululemon there is not any eligible sell setup, so lululemon stock holders with operations in green can keep their positions
In the previous month we couldn't find any rating for lululemon
lululemon stock analysis
Since last March, lululemon has been drawing an uptrend that by now marked a gorgeous 45.98%. During this uptrend, the price offered some buy points on the breakouts. Latest pullback was last May, when price bounced at $304.00. Now, it moves in a consolidation between its last top ($405.95) and its last bottom ($304.00)
$LULU at new Highs
Lululemon marked all-time highs (ATH) last Friday at $405.95, and cleared the field for new highs as there are no further resistances. Previous ATHs were in September 2020
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band last Monday, the price has corrected downwards by 3.17%. The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last Monday after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 66.2
lululemon stock price history
Lululemon went public priced at an adjusted price1 of $12.50 on Jul 2007. Since then, LULU stock has risen by 3,044.72%, with an average of 217.48% per year. An investment of thousand dollars on Jul 2007 would have a value of $31,447.20 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for lululemon stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and usually. Again, these estimates are not direct recommendations for individual traders and must not be followed blindly.
In the last month we couldn't find any price target posted for lululemon stock.
Earnings and financials
In early June, lululemon ($LULU) hosted the quarterly investors call and released the report. LULU surpassed consensus earnings estimates and presented of $1.16, that is a 27.47% improvement compared to the estimates of $0.91. On the other hand, reported revenues were $1.2 billion versus estimates of $1.1 billion.For comparison, the EPS for the same quarter last year was $0.22, so posted EPS means a gain of 427.27%. Sales skyrocketed a 88.12% on an annualized basis in the , from $6.5B to $12.3B last quarter.
LULU ($LULU) posts quarterly financial report next September. Wall Street expects of $1.17, compared to previous quarter that made $1.16.
Important:The thoughts expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have an understanding of the specific situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for learning purposes only
|Wednesday, July 28th, 2021|
|Day range||$389.13 - $394.77|
|Average true range||$13.21|
|50d mov avg||$351.92|
|100d mov avg||$334.66|
|200d mov avg||$338.98|
|Earnings date||September 6th, 2021|