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ULTA

$ULTA Inverted H&S Forming$ULTA looking oversold on the hourly chart, down 2-3% today on light volume. Intra-day reversal is already underway after bottoming just above $242. Appears to be an inverted head and shoulders pattern forming on the daily chart. Monitor for a move back to and eventual break through $260 resistance level. Medium term target $290, assuming overall market conditions remain bullish to neutral. Might be a good day to pickup some cheap OTM options for next ER, I'm looking at Aug 31 $280 calls going for around $1.00 today with a current delta of 0.09 Note: Observation/opinion, not investment advice.
NASDAQ:ULTALong
by Triple_Barrel_Capital
ULTA - Downward channel breakout long from $207.47 to $230ULTA 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.)
NASDAQ:ULTALong
by AcornWealthCorp
ULTA due for a correctionULTA is clearly overbought at this point in time. Now is certainly not the time to go long on this equity. Key Points: 1. Overly bullish sentiment 2. RSI on weekly is around 85 - probably the highest in it's history. 3. RSI on daily has been hovering dangerously around 80 for quite some time. 4. There is no clear RSI divergence from price at this time. 5. Jaws of the Aroons are well open on most time frames. Issues : Playing with RSIs are fraught with risk. They can be very deceptive. However the statistical probability is for a corrective fall in price. How much? Impossible to say. Shorting a bull market is far more risky than going long at a pullback in bull market. If one was adopting an acceptable high risk strategy, a stop-loss would have to be pretty wide. I speculate that the correction could be back to around 220, over the next 15 weeks. This could be in two stages. The first correction may be minor. Overall though, ULTA is 'designed' for a long . I'd be looking to go long at the next major pullback and have set up alerts to catch it e.g. if price collides with 100 or 200EMA.
NASDAQ:ULTA
by Captain_Walker
Long ULTA Short DK YTD 185%ULTA is still rising, albeit on lower volume in recent time. The beauty store provider is still generating strong earnings growth with a 3 Year E.P.S Growth Rate of 25% and an E.P.S % Chg (Last Qtr) of 39%. This is accompanied by a 3-Year Sales Growth Rate of 21% and a Sales % Chg (Last Qtr) of 24%. This shows that an increase in sales is driving E.P.S growth, which is an important factor. Whilst ULTA has experienced lower than average trading volumes since the beginning of June 2016 the relatively small free float of 61 million shares means that the volume is still sufficient to drive the price higher. Trading at all-time-highs doesn't seem to bad when it's doing so on a P/E of 48, a modest premium for a growth stock of this calibre. Delek U S Holdings Inc (DK) is a US oil refiner, operating largely in southern US states and is doing so at a loss. The stock is down 51% YTD, sales are declining (3-Year Sales Growth Rate -15%, Sales % Chg (Last Qtr) -4%) and earnings are too (3 Year E.P.S Growth Rate -46% and E.P.S % Chg (Last Qtr) -378%). The latest quarterly earnings report was headlined by a slightly improving cash balance and an announcement of cash proceeds from tax refunds and business interruption proceeds, which does not demonstrate improving business fundamentals. Improving the cash balance is important to Delek, considering their debt to equity is around 76% at the most recent report. With a P/E ratio of 80 and the stock trading around $12, there is certainly plenty of downside remaining.
NASDAQ:ULTALong
by TheRealWalters
Bearish candles on Weekly and Daily chartsULTA is in an obvious up trend on the weekly chart. Sort of sideways on the daily chart with an RSI making lower lows and lower highs. But if you put a lot of stock in candle formations then you might be willing to risk some money to the downside. Bearish formation in Friday's candle on the daily (engulfing candle) within a one on the weekly (upside down hang man). No position for me but next week I will be watching the price action. There might be a post earnings (last Thursday) move on the horizon this week. Exhaustion could get a pullback below the trendline if there is a reversal move off these recent highs.
NASDAQ:ULTA
by bertolinitrading