Lululemon Q2 Earnings On Deck: Charts Indicate Bullish Outlook But Some Signals Suggest Caution
Portfolio Pulse from Surbhi Jain
Lululemon Athletica Inc (NASDAQ:LULU) is set to report its Q2 earnings, with mixed technical indicators suggesting both bullish and cautious outlooks. The stock is down significantly year-to-date, but analysts see a potential 27% upside.
August 28, 2024 | 3:19 pm
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Lululemon is set to report Q2 earnings with mixed technical signals. The stock is down 47.64% YTD, but analysts see a 27% upside. Current trading is below key SMAs, indicating caution.
Lululemon's upcoming Q2 earnings report is crucial, with mixed technical indicators. The stock's significant YTD decline and trading below key SMAs suggest caution. However, analyst ratings indicate a potential upside, balancing the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100