ULTA - Downward channel breakout long from $207.47 to $230
ULTA bounced back from its support level & seems breaking out of a downward channel formation. It had quite some insider buying. We think it will continue upward from here.
* Trade Criteria *
Date First Found- March 8, 2018
Pattern/Why- Downward channel breakout
Entry Target Criteria- Current price ($207.47) (Hit March 9, 2018)
Exit Target Criteria- $230
Stop Loss Criteria- N/A
Indicator Notes- Crossed above its Moving averages
Special Note- Lots of insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- March 8, 2018
Pattern/Why- Downward channel breakout
Entry Target Criteria- Current price ($207.47) (Hit March 9, 2018)
Exit Target Criteria- $230
Stop Loss Criteria- N/A
Indicator Notes- Crossed above its Moving averages
Special Note- Lots of insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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