Buy Alert: Buy 2nd Half Of Lululemon
Peter Sayles |
It’s time to buy the 2nd half position in Lululemon (LULU).
You see, Lulu was consolidating in a bull-flag pattern.
We told readers to buy the first half of their positions on September 16. We were waiting for Lulu to break out to the upside.
If Lulu broke out to the upside, it would head to $175. If it broke to the downside, it would drop to the $135 range.
But we got our buy alert almost right after our recommendation.
Lulu has risen almost 6% since our recommendation 2 1/2 weeks ago. And we now have confirmation Lulu is heading higher towards our price target of $175.
Lulu is heading into Q4 with positive momentum. Record high consumer confidence. And Americans who are ready to spend during the holiday season.
Lulu will be a prime beneficiary in Q4. It’ll reward shareholders nicely.