ChristopherCarrollSmith

Lululemon - Wait for pullback to bottom of channel

Long
NASDAQ:LULU   lululemon athletica
Lululemon is looking like a good long bet, with a recent earnings beat, bullish analyst ratings, and an upward-sloping parallel channel. I think its current upward curve is hitting trendline resistance, however, so hopefully we'll see a pullback to the bottom of the channel that will afford a buying opportunity for a long position.

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