$LULU - Stage 2 Breakout Personal analysis
Follow up to IsaTrader LULU post.
Definite breakout of Wyckoff accumulation BUEC structure on volume
RS against SPX positive
RS against sector proxy ONLN (Online retailer ETF) positive
Less than 10% above 50 ema, so not extended (one of my entry criteria)
Piotrsoki F-Score 5 (my entry criteria > 4 to ensure some kind of fundamental strength - I know, not strictly Weinstein-ish!)
%change since 1 year low > 30
%change since 1 year high > -25
I make P&F target somewhere in the 550 region
This meets all my entry criteria, will be watching this closely on Monday open