PPR - LULU buyable gap up
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.
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