Lululemon Stock Responds to Pandemic

Higher highs and lows for LULU… May 26, 2020 UNSUBSCRIBE |ARCHIVE COMING DOWN TOMORROW MORNING By the time the market opens tomorrow at 9:30 a.m., it will be too late to see this. If you're lucky enough to see it, you'll see how this 90-second demo could have a massive impact on your money, your leisure, your family and your life. Click here now to watch this urgent video demonstration. Lululemon Stock Responds to Pandemic Dear Chart Of The Day Reader, On Friday, we looked at a 12/26 MACD Chart of Fastly, Inc. noting the stock's MACD line was above the 9–Day EMA. Today's Chart of the Day is for Lululemon Athletica Inc. (NYSE: LULU). Lululemon Athletica Inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company–Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth. The Daily Price Chart below shows that LULU has traded in a clear bullish pattern of higher highs and higher lows since mid–March. Track the Price Chart from lower left to the upper right... This bullish trading pattern points to a further advance. You see, typically stocks that make a series of two or more higher highs and higher lows reliably continue on in an upward trend. But it's important to note that strong stock rallies have pullbacks along the way. These pullbacks present a buying opportunity for us. Purchasing LULU after a 3 to 5% price pullback has provided a good entry point for the stock during this run, and has produced a healthy return. We'll keep watching LULU as it tops its previous highs and waiting for price pullbacks. Best Regards, Chuck Hughes Editor, Chart Of The Day Facebook's founder never saw this coming… When Facebook's mega-billionaire sat down before Congress on October 23rd... For over six hours of grueling testimony about his company's plans for a digital currency called Libra… He surely never imagined that one of the panel's top-ranking Republicans, Rep. James F. Hill of Arkansas, would be giving him incredibly lucrative advice. But he did — with a tip that could ultimately be worth millions to lots of regular American investors. Don't worry if you missed it. Because you can get the same advice here, absolutely free — click to see. If you are having trouble receiving your Chart Of The Day subscription, you can ensure its arrival in your mailbox by whitelisting Chart Of The Day. © 2020 by Chart Of The Day. All rights reserved. This newsletter may only be used pursuant to the subscription agreement, and any reproduction, copying or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Laissez Faire Books LLC, 808 Saint Paul Street, Baltimore, MD 21202-2406. To end your Chart Of The Day e-mail subscription and associated external offers sent from Chart Of The Day, click here to unsubscribe. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. If legal advice or any type of assistance is needed, please seek the services of a competent professional. This material, produced by Chart Of The Day, is for informational purposes only. All technical information, instruction, and advice, reflect the beliefs of Chart Of The Day and are intended as informational only. Chart Of The Day is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Laissez Faire delivering daily email issues and advertisements. Please read our Privacy Statement. EMAIL REFERENCE ID: 401CODED01