PPR - Lululemon Athletica (LULU) Pocket Pivot in the Bag Today

Published : November 19 2010 at 13:02 ET

Lululemon Athletica (LULU) is already trading enough volume as it moves up off of its 10-day moving average to qualify as a pocket pivot buy today, with the idea that is should hold today's gains and the 10-day moving average. With the model on a sell signal, however, keep in mind that any long positions should be kept on a short leash if they start to falter on us. It is interesting to note that LULU's pocket pivot today is the second one in a row since it was able to clamber back above its 10-day moving average on a pocket pivot volume signature yesterday.

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