Consumer Discretionary

Lululemon Athletica Inc. (NASDAQ:LULU) Stock price trend forecast and trading range: I personally sold my position at $334 and escaped today’s big decline. Updated to: 2023.1.9 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: down Sell high and buy low of range : $285 – $300 Support: $280 resistance: $300 Stop Loss Price: $280 price target: $300 Buy the position again: stop fall and rise to $280 Medium-term trend: down High sell low buy range: $285 – $300 Support: $280 resistance: $300 Stop Loss price: $280 price target: $300 Buy the position again: stop fall and rise to $280 Long-term trend: rebound High sell low buy of range: $250 – $350 Support : $250 resistance: $350 Stop Loss price: $250 price target : $350 Buy the position again: stop fall From Analysis

January 9, 2023 – lululemon athletica inc. (NASDAQ:LULU) today announced that, for the fourth quarter of fiscal 2022, the Company now expects that net revenue will be in the range of $2.660 billion to $2.700 billion, representing a 25%-27% increase compared to the fourth quarter of fiscal 2021. The previous guidance range was $2.605 billion to $2.655 billion. Diluted earnings per share are now expected to be in the range of $4.22 to $4.27 for the fourth quarter of fiscal 2022 compared to the Company’s previous guidance range of $4.20 to $4.30. The Company also said it now expects gross margin for the fourth quarter of fiscal 2022 to decline 90-110 basis points compared to its previous expectation for an increase of 10-20 basis points. However, the Company now expects that it will further leverage selling, general and administrative expenses 100-120 basis points compared to its previous expectation of 30-50 basis