Breaking the Stretch: LULU Aiming for $355 with Momentum
Lululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37.
Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term.
LULU
https://www.tradingview.com/x/Yu01BuLu/
Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term.
LULU https://www.tradingview.com/x/Yu01BuLu/
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