Lululemon – A Swing Ahead of Earnings on $LULU

I am now long Lululemon $LULU as a swing trade.  They report earnings on Wednesday, March 30th; and with a staggering 25% of the float sold short, we could see some short covering into the earnings report.  On a technical basis, $LULU has been consolidating since the last earnings gap and has a rising 50 & 20 day moving average. I have set a closing price stop at $62.30 which is the 20 DMA. If you want to see how I sized this position, I have posted a guideline to position sizing here.

LULU 3

Disclosure: the author is long LULU

 

 

 

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