However, it ghosted away during the day, as the price drew back to within a sideways range of eight trading-days standing, leaving LULU in the bull column.
With the signal gone and the range-breach healed, I no longer have any reason to exit, and I'll continue to hold my bull position on LULU.
A caveat, however. I've often seen the pps ghost away, only to return the next day buttressed by a significant price move in the direction of the signal. That occurrence would cause an additional decrease in profits.
The company announces earnings before the open next Thursday, Dec. 9.
Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
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