Jul. 9 at 7:05 PM
$LULU
This setup is getting interesting.
The stock is tightening inside a wedge, and the timing lines up closely with the upcoming earnings date. That usually creates a pressure point where volatility can expand quickly.
The big question: does
$LULU break higher on earnings strength, or does the market get another surprise catalyst?
One factor traders are watching is the company’s
$3B share buyback program, which could provide additional support if management continues leaning into capital returns.
Right now, the chart is coiling. The next major move could come from the earnings catalyst.
