$LULU Trade Preparation

adminGeneral CommentsLeave a Comment

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 [email protected].

No relevant positions

Leave a Reply