Lululemon Athletica (LULU) Topping Tail

Shares of Lululemon Athletica (LULU) has officially put in a topping tail on the daily chart. Topping tails are bearish reversal signals that can only occur at 52 week highs. It is represented by a surge in share price that reverses on a particular day and closes near the lows. When these forms, stocks see a high percentage sell-off in the following days/weeks. This is a powerful signal on Lululemon Athletica Inc and investors should take note.

The way to play this as a swing trade is to short it. I expect a drop to $209.00 in the coming days/weeks.

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.