Long $ULTA CMP $369.84. Trading above 50 EMA. Uptrend continuation. MACD histogram was fading but I guess recent market volatility turned it to negative. Bullish pattern. Expect breakout soon. Possible targets $390 and $420
The market is turning bullish again! Both S&P500 & the Nasdaq are up quite a bit and has retraced most of the sell-off. While some stocks are soaring in this rally, some are still lagging behind, particularly healthcare and biotech stocks.
Consolidating in a rectangle, Tested support 3x last week and it formed a descending triangle from the bottom. I am interesting in 2 price pivots: 384.30 and 386 Above those, we might test top or rectangle at 392
SELL ENTRY: 331.25 USD TARGET: 267.10 USD (20% profit) STOP: 362.26 USD Ulta Beauty is specialized in the distribution of cosmetics and perfumes.
NASDAQ:ULTA trendline break with MACD and EMA crossover
Consolidation is broken upwards with the minimum target level around 404.
Nice upside with relatively low risk in $ULTA for a swing trade here. I can see this rallying until August 20th easily, and reaching as high as $426 as best case scenario here. If price were to move below the white horizontal line this signal becomes invalid. Best of luck! Cheers, Ivan Labrie.
on the 1hr chart, ULTA price action forms a reverse S/H/S + cup & handle. Very bullish going into ULTA's earning nex week
ULTA is currently on a rising wedge that needs to break out of, or we'll see a breakdown on shorter timeframes. Stoch RSI seems a bit toppish and it's looking like it might trade around this range for a while, until we get some decent volume or a catalyst. A breakout higher this week above post ER high's should be a great signal to go long to fill the gap above....
🔸 Long Above 313.30 TGT 317.5/322/325/327/330 🔸 Short Below 309.60 TGT 305/301-300/297.4/293 ❗ Wait for Confirmation before entering a Position. Stick with 4/1 for Scalps/Daytrades or 4/9 or 4/16 for Swings❗
Quick numbers from Finviz: Float: 4.22M 85% of the float short Currently uptrending and is in the beauty products. ULTA ER is tomorrow and this could be a sympathy if they have a run-up.
Looks ready to make another run towards 244 and the 200 dma.
NASDAQ:ULTA is signaling oversold as we approach a key support level. What makes this interesting is that we also have an RSI divergence. Very high chance of bouncing off support, however, we will wait for the market to to show us what we want to see. More downside can occur if we break the support. Keep your eyes peeled.
NASDAQ:ULTA is at oversold levels as we approach a key level a support. What makes this interesting is the extreme RSI divergence since it’s last oversold signal. It would be hard to imagine ULTA breaking this support. However, we will wait to see what the market tells us. Keep your eyes peeled.
New here but I'm liking ULTA at the 382 fib and oversold on the daily RSI. Confirmation bias? Time will tell.
Put Spread #1: 240/230 @ $1.00 Put Spread #2: 230/220 @ $0.90 Risk $100 for max profit of $900
Looks like ULTA just rejected an attempt to break out over a former support level and seems potentially juicy for puts a ways away