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Lululemon Athletica Inc. (LULU) is one of the super and best stock to buy as of April 4, 2019. It’s a nice growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had decent runs up in most 2017-2018.
3. The run ups were followed by nice consolidations.
4. The stock found support at the 50 day moving average.
5. The stock went in to wild consolidation in last 2018- early 2019.
6. The stock appeared to be formed a cup with handle chart pattern and cleared the handle.
7. The volume was rock solid when it cleared the handle.
8. The buy point would be $158.67 – $166.60.
