$Lululemon Athletica(LULU)$ Very strong Technicals and Fundamentals point to a rapid test of 500 this week. Short sellers will try to defend their positions near 500-a tsunami of buyers will swamp them due to S&P index fund addition and multiple new fund and retail positions.
The three analyst recommending selling prior to earnings certainly look foolish and have egg on their faces. I promptly closed my position at one of those due to their poor analysis. shopping at my nearest LULU store, I was blown away by the crowds inside. Dressing rooms were full! I was also amazed that 40 percent of the buyers were Men. I witnessed buyers from 8 years old to 80 with full sacks.
Post Christmas analysis comes on January 8th, by then I suspect we could see share prices above 550
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