$LULU
Added 2023-10-16 12:01:36 +0000 UTC$LULU is up over 5% in the PM now after it has been announced that they will replace Activision on the S&P 500 after their merger with $MSFT.
This is certainly a positive development and it is in line with the positive outlook on their chart.
In our last upload, we said that we have liked that it has held at the 200 Day MA and has bounced since and staying above $395 will be bullish.
The price in the PM now is at $398, so it needs to hold above $395 now and the bull case is confirmed.
I believe $LULU has a bright future and is gaining consider ground on many of its competitors, I suspect they will enter the footwear market very soon.
