PPR - Pocket Pivots in Real-Time: LULU

Published : October 27 2011 at 12:46 ET

Lululemon Athletica (LULU) is pushing up on a pocket pivot buy point IF current volume levels hold up. We have been testing a position on the long side, and it feels reasonable here, but the jury is still out pending the final volume numbers at the close. However, there is nothing wrong with testing a position here and then adding if the pocket pivot buy point holds up, as this is how we are handling it currently. Of course, all will depend on how it closes, so we could easily be out of this as fast as we are in it if the volume numbers and price action do not hold up.

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