LULU Trading Within a Perfect Channel and Its Trade Setup
Lululemon (LULU) is trading in a perfect channel for now. I think you can get long on this stock at $69 and try to ride it back up into the $80's, but if youi do so, make sure your stop is just below the rising trend-line.
If you are looking to short LULU which is also a valid approach, wait for the rising trend-line underneath the price to be broken first.
Here's the LULU technical analysis: