Burry Buys LuLu
$LULU
13F filings are out, and Burry’s additions are always closely eyed. He took call positions in LULU 0.00%↑ , which has a somewhat interesting chart given historical precedent.
Down massively below its 200 week moving average, that’s historically been a profitable place to make a longer term bet.
The bullish RSI divergence is worth watching. I’ve taken a starting position, with a stop below last weeks candle around $185. Overhead supply starts at $225, and more in earnest closer to $300, so there could be some short term traction if this is in fact the reversal point.