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Dear EarningsBeats Members:
When looking for suitable trades for our members we prefer those that are in the strongest industries; relative strength does matter! However even in industries that might not be at the top of the relative strength pyramid there will always be strong stocks that could be solid reward to risk candidates, especially if they pullback to key technical/price support. One of those stocks is LULU Lemon (LULU), a company that recently reported earnings, beat top and bottom line expectations, gapped up on solid volume and then on Tuesday pulled back to key technical support which is when we issued the trade alert to our members:
We assigned two entry levels; $176.25 and then $172.50 on any pullback. Price target is $190 and stop is any CLOSE below $170.
At your service,
John Hopkins
EarningsBeats
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