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LULU Trading Within a Perfect Channel and Its Trade Setup

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November 07, 2013 – Comments (0) | RELATED TICKERS: LULU

Lululemon (LULU) is trading in a perfect channel for now. I think you can get long on this stock at $69 and try to ride it back up into the $80's, but if youi do so, make sure your stop is just below the rising trend-line.

If you are looking to short LULU which is also a valid approach, wait for the rising trend-line underneath the price to be broken first. 

Here's the LULU technical analysis:

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