Will LULU move towards its support or resistance level?

AAATrade Team AAATrade

Today’s instrument is the Lululemon Athletica Inc.‘s stock traded in Nasdaq exchange under the ticker LULU.

Looking at the LULU‘s chart, we can see that it was lastly traded at around $317.

Today Lululemon is announcing its quarterly earnings and if the market’s anticipation is positive then we could expect it to rise towards its resistance level at around $350 otherwise it should test the support level at around $300.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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