Sunday, December 02, 2007

LULU Update for 12.02.2007


Daily chart shows eager buyers gapped up the price at the open, only to find heavy selling pressure, which continued into the close. Friday's downside price action took out all the gains made the prior week. Look for potential support off the $34 area -- if this doesn't hold, look for next downside target to be the IPO price and lower.

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