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Lululemon (LULU) Has Limited Upside

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August 14, 2013 – Comments (0) | RELATED TICKERS: LULU

If someone made a bet with you, and you should to lose $12 at the chance to win $4 would you take it? 

That is the risk-to-reward scenario that Lululemon Athletica (LULU) is offering at this point. 

Or what I would call an unfavorable 3-to-1 Risk/Reward setup. 

So while it is in this large scale chop - look for limited upside of $78 and a possible downside of $62 - better yet - just don't trade it. 

Here's the technical analysis on LULU:

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