PPR - LULU buyable gap up

Published : January 10 2012 at 10:03 ET

LULU increased its future earnings guidance and is gapping up in today's trade. LULU operates over 150 athletic apparel stores in the US and in Australia, and continues to open new stores. Earnings and sales have been hugely robust over the last several quarters. Clothing retail companies rarely exhibit such strong numbers. Overall rating 96.

Selling can be contextual. You might use the low of today's trade (with a 2% undercut under today's low to account for porosity) as your sell stop. You might also not give any undercut if the market continues higher, since LULU should also move higher along with the market or at least consolidate sideways before moving higher.

This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.