Where lululemon's Chart Stands After Earnings

Now that earnings are out of the way, let's take another look at lululemon athletica (LULU). Recently this stock violated some of the higher support I was watching on the daily chart, but the idea behind looking at the buy side is still intact here, so let's take a fresh look at it.

First, the original setup in this stock was at the $64.92-$65.58 area. This zone included a 100% projection and a 0.50% retracement, along with a 1.272 extension of a prior swing. The actual low was made at the $65.09 level on Nov. 15....291 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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