PPR - Lululemon Athletica (LULU) pocket pivot and buyable gap-up

Published : January 12 2011 at 15:12 ET
We don't normally flag buyable gap-ups, but when it is also a pocket pivot buy point it gets double-billing, so we are flagging today's pocket pivot buy point with the added buyable gap-up action in today's move. The point here is that today's intra-day low becomes a tight, convenient stop at 71.56. You can use that as a hard stop or use a hard stop a little below that since it is a very close to where it is trading currently at 12:10 p.m. Pacific Time at 72.98.

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