Extractio

9/1 - Lulu Pre-Earnings Analysis

Penjualan
NASDAQ:LULU   lululemon athletica
Higher probability of downside move with Lulu earnings scheduled evening of 09/01:

1. Multi-month head and shoulders was cleanly pierced and then retested with downward pressure from its base.

2. Multi-week down trend off of 200 SMA.

3. Multi-day weakness leading to today, with overall rounding of price to the downside.

4. Multi-year support would occur around 245.

5. General market weakness and downward revisions from retailers.

Conclusion: Earnings volatility on 09/02 could see test of $245.
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