Today’s instrument is Lululemon Athletica Inc.‘s stock traded on the Nasdaq exchange under the ticker LULU.
When we look at LULU‘s chart, we can see that it is traded at around $300.
Today Lululemon is announcing its quarterly earnings and if the market’s anticipation is positive then we could expect it to rise towards its resistance level at around $320 otherwise it should fall towards the level of $280.
(Click on image to enlarge)
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