Lulu after posting +ve surprise earnings.2016-12-08-11_55_37-lulu1

Later, it failed to gain momentum to break the highs of post-earning day. Instead, the stock went into low volatility mode and formed a Symmetrical Triangle Pattern. There isn’t much to do with this stock right now except wait and watch. However, If it breaks above it could reach late 70’s.

Here is a link to my post on Symmetric Triangles, that explains how to determine entry and price targets.