$LULU Trade Preparation

Dec 7th, 2012 | By | Category: General Comments
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In this video prior to the market open on December 6th Steve discusses how to approach trading LULU following its earnings release:

  • LULU is described as “Amazon Junior” by Steve because it has a tendency to be bought on earnings gaps and show great strength after an initial gap down
  • LULU is a tough intra-day short when moving higher following an earnings report
  • LULU should be bought on a quick dropout on the Open to 67-66.50 for a move back up to 71

Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is sspencer@smbcap.com.

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