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Black Belt Trading: Investing Like a Pro 167
60 50 40 30 20 © 2012 Investor’s Business Daily, Inc.
Price Scale 5,400,000 4,050,000 2,700,000 1,350,000
Volume 22
8
July
24 10
Sold at $63 on July 19th, 2011 for 103% gain in 8 months 27 June 13 29 15 May
50-day moving average 200-day moving average 1 18 4 18 April March
Channel has higher highs and higher lows 4 21 February
7 January
24
26 December 10 12 29 November
Lululemon Athletica (LULU)—Daily Chart 2010–2011 Operates/franchises 174 Athletic apparel stores in North America, Australia, and New Zealand Buyable Gap-up Example Bought at $31 on December 9th, 2010 on big gap-up 15 1 17 3 20 6 23 October September August
Heavy volume
