Earlier in the year, I had asked you to post things that you would be interested in me analyzing, and to my amazement, many of you asked for stocks. While that is outside my normal scope of the markets, I believe that my technical analysis could prove beneficial. So, with that in mind, I will start to share some technical analysis of U.S. stocks.
To keep it interesting, I plan on cycling through the stock market in alphabetical order using the criteria below.
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 16th of December.
This Stock Is A Lemon
Today, I'm going to be looking at the stock of Lululemon (NASDAQ:LULU). This stock reminds me of Crocs (NASDAQ:CROX) as a one-hit wonder. Certainly there has been turmoil in the offices of Lululemon as their founder was moved out of the picture. Technically the stock looks like a disaster and I'll be giving some you projections about how low I think this market can go in today's video.