Lululemon tends to surprise to the upside most times on EPS and revenue. At any sign of a miss, we could quickly rule out getting long this position and we could look to get short. There is not a whole lot of volume support to the downside on this position so it could move down rather violently.
However, with LULU’s track record, it is very possible to see a nice beat and a move higher in the security. We will be looking for greater