Lululemon: Expected To Rise Towards Its Resistance Level At Approximately $320
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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