This trade this morning is in Lululemon Athletica Stock (LULU). Earnings yesterday after the close beat all estimates and the stock is up more than 12% this morning. I placed one trade this morning and will add in further trades on weakness, which I expect to see next week.
The Trade Alert outlines the details and further trade setups.
The rest of this trade alert and ideas article is for FullyInformed Members.
Lululemon Athletica Stock (LULU) – 2nd Trade Alert and Idea for Fri Jun 2 2023
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.