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ULTA BEAUTY INCULTA BEAUTY INCULTA BEAUTY INC

ULTA BEAUTY INC

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ULTA trade ideas

ULTA triple top breakdown ULTA had bounced 3 times around 363 forming a triple top over the last few months. Recently, it had broke below that support level and has bounced the past 2 weeks. Looks to be forming a bear flag, albeit that it is not that best looking flag I have seen. Lots of short squeezing pushing price all over the place in this volatile market. Earnings coming up, anything can happen. But studying the past few ERs, there are either a massive gap down or gap up with it being sold into instantly. So I expect that whatever happens, the price will still go down. I am looking for 300 in the coming weeks.
NASDAQ:ULTAShort
by Jlov
ULTA BEAUTY - upsideMay be a nice investment to benefit from post - COVID growth. Weddings are mostly on pause, as soon as the pandemics is over, the gap should be filled )) Along with tourism and hotels accommodations, UB should capitalise strongly on the delayed weddings) Technical picture, in my opinion, is also attractive, as we get a consolidation at the top of a weekly corrective pattern. Core growth potential - 1,382 of the size of the weekly correction. Good luck!
NASDAQ:ULTALong
by UnknownUnicorn3382580
Is Ulta Beauty Sitting Pretty?Ulta Beauty’s chart might look like a tangled mess lately. But a longer-term view suggests it may be sitting pretty. First, consider the breakout in August as the beauty-products company jumped to new all-time highs. It was extended at the time, resulting in a sideways consolidation for the next five months. But what’s the bottom of its range during that time? ULTA has consistently bounced around $368, closely matching its earlier record price in July 2019. Is the stock fashioning new support at an old high? Third, notice how the shears undercut the previous low on December 20 before rebounding. They then chopped slightly higher last week, producing an inverse head and shoulders pattern at the key level. Next, the 200-day simple moving average (SMA) is approaching from below as potential long-term trend line. Finally, there are signs of ULTA being oversold, judging by both stochastics and the Keltner Channels displayed above. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:ULTA
by TradeStation
Ulta Beauty Holds a Gentle PullbackUlta Beauty jumped to new highs last month. Now it may be sitting pretty after a gentle pullback. Notice its runup into earnings after the bell on August 25. The beauty-products company didn’t disappoint because profit, revenue and guidance all surprised to the upside. However, the stock was ahead of itself and quickly got rejected above $410. Now, three weeks later, prices have calmed. Notice the series of long tails under $370, with closes above. Yesterday was a bullish outside day as well. Second, consider how the 8-day exponential moving average (EMA) has remained above the 21-day EMA throughout this period of consolidation. The stochastic oscillator also dipped to an oversold condition, from which it’s now rebounding. Fourth, look back to ULTA’s July 2019 high of $368.83. The current period of consolidating seems to be building new support above that old resistance. Finally, the Census Bureau this morning reported a surprise increase in retail sales. Despite fears of the delta variant, the consumer isn’t rolling over yet. That could discretionary favor names like ULTA – especially into the holiday season. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:ULTALong
by TradeStation
ULTA looking to make new all time highs!ULTA (Ulta Beauty, Inc) is testing resistance around the $355 area that dates back to mid 2019. Fundamentally, * It's undervalued with a PEG of 0.77 * Its earnings per share is expected to grow over the coming year. Technically, * General up trend * Beta > 1 (following the general market trend) * Broke above the resistance of $315 that dates back to 2017 and retested it as support * It's approaching and testing resistance that dates back to 2019 and is looking to break through Final thoughts: * This is a good long term hold as the company is generally doing really well. * It's currently undervalued, meaning it's actually worth more than the current price. * Now would be a good time to get in if you're looking to hold this for the long term. * If you're looking for a discount, look for buying opportunities around the $340 area * If the price closes below $340 then look for buying opportunities around the $330 area. Alternatively, if you like to buy high and sell higher, you can look for the price to make a weekly close above $355.36.
NASDAQ:ULTALong
by HaseebKhan_90