ULTA trade ideas
Ulta Beauty Might Be Sitting PrettyUlta Beauty had a big run between late 2014 and the middle of last year. It crashed in August 2019 and remained under pressure through the coronavirus selloff in March.
Since then, it’s squeezed into a range and may now be nearing a breakout.
The first thing that stands out on the chart is the large triangle converging around its current price. ULTA had a similar pattern in 2014 before launching on a 200%+ rally.
Next is the bullish gap from August 28. That followed a decent quarterly report with comp sales shrinking less than feared. It seemed to suggest customers have remained engaged and interested despite the pandemic.
A third chart pattern is the 50-day simple moving average (SMA) rising toward the 200-day SMA. Given the current paces, there could be a “Golden Cross” in the next 7-8 sessions.
ULTA still hasn’t given clear confirmation and may retest the bottom of the triangle closer to $219. But it’s a longer-term growth name that may start drawing more interest – especially into the holiday-shopping season.
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ULTAWilling to make a bet on a return and some appreciation here if there is to be a vaccine and return of people full fledged going out again next year. Minimal election risk stock. Good pair with a tech barbell. Looking for an H4 close above 244 for a trigger.
Beautiful falling wedge - Breakout pendingGreat R/R for longs here through commons, but for options plays, any potential pullback to 200 might present LEAPs opportunity. I doubt it would test pre-ER low anytime soon. let's see.
$ULTA - shows promise The market humbles all, it only takes time
Traders make their biggest mistakes often after 3-4 windfall days
Hoping this is not the time for me to learn my lesson. This looks like a great candidate for call option. I picked one up today.
Inverse Head & ShouldersA market darling
Long only after break of neckline
Possible targets 2: 238 250 470.5
Possible stop under 222
Not a recommendation
Ulta Earnings Gap FillUlta Beauty gapped up on good earnings aftermarket yesterday and left a massive gap needing to be filled. The target is $226. If it fills its gaps, it may be ready to take off once again.
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Ulta LongAdam and Eve reversal pattern playing out ( Cup & Handle formed ) Possible target 257 SL 209.8 , Could see nice run towards earnings
ULTA consolidating for next runTesting the 50 day on the other side then maybe another run toward the $230's?
Loving Ulta right nowBeen watching since the $190's, is it ready to go up and test that 50 day again?
$ULTA possible head and shoulders reversal pattern forming.Ulta is forming a possible head and shoulders reversal pattern after rising since the drop in March. The white line is the neckline and their is a small gap to fill around 160
It is also moving below all emas on the daily. remember on these patterns we wait until it breaks the neckline comes back to retest and confirms the move lower. volume is key on the drop!
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If the bull run continuesNot a good COVID stock, but technically like it to try another run at the 30 and 50 day averages.
Long UltaEntered 7/24 calls for ulta after it bounced off of the 30 RSI on Daily responding to an aggressive sell off
ULTA Reversal PendingNASDAQ: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.
ULTA Reversal PendingNASDAQ: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.
ULTA PT $375New here but I'm liking ULTA at the 382 fib and oversold on the daily RSI. Confirmation bias? Time will tell.
Ulta Finding support at VWAP from march low Tgt=$220Very bad downtrend but found teh support from march low VWAP. expect a bounce towards $220
ULTA Put Spreads 240/230 and 230/220 Put Spread #1: 240/230 @ $1.00
Put Spread #2: 230/220 @ $0.90
Risk $100 for max profit of $900
could have caught the move wth s/r linesLooking back I didnt study enough on support and resistance now I see the big pictue. That was the day of ulta earnings drop. The week before there were big wicks before the massive fall.
