A Lulu of a Setup
Lululemon athletica (LULU) is calling my name here. From an old buy setup in this stock, we still have not met the minimum target for the trade off the Nov. 15 low. This target still comes in above the market at the $82 area.
Recently, we have seen a healthy decline from the January highs in this stock, and I have identified a key Fibonacci price cluster zone for a buy. The zone comes in at the $69.66-$70.70 area. This zone is the coincidence of:...242 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.