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ULTA BEAUTY DRNULTA BEAUTY DRNULTA BEAUTY DRN

ULTA BEAUTY DRN

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U1LT34 trade ideas

ULTA - LONG Well back in for another try with LABU here in aftermarket , had to pay a bit of a premium to get a fill but still pretty near the close and I actually daytraded it in a seperate account earlier near the open and just sold that so I suppose that made up for the difference I paid here in the aftermarket for the swing account . The fill price I ended up paying was 535.20... was out hiking during the close...worth it . Market/ General update : Bulls still failed to get us out ( and keep us out) of this Trading range on QQQ but overall looks like they are winning , slightly . Will be watching closely monday , Looks like ELF was on Santa's sleigh again though , quite the mover that one , everything else held more or less .... Have a happy weekend ~
NASDAQ:ULTALong
by NAK1987
ULTA has Overextended Strength SHORTULTA a women's beauty focused company has benefitted from the end of the Covid Era, Earnings reports have been rock solid for sure. I think ULTA is overdue for a correction. On the 4H Chart, supply and demand zones are per the LuxAlgo indicator. Price touched and retested demand several times last summer and early fall. It is now touching and testing the supply zone above the POC line of the long term volume profile. It is in the overvalued region of the long term anchored VWAP bands. The Wycoff buying /selling oscillator is still positive but with a decreasing amplitude. I see ULTA as setting up for a short sell entry. The entry could be now but a better entry would wait for price to get under the POC line at HKEX:528 and the volume oscillator turn to negative with the histogram below the zero line showing bearish volume momentum. My preferred position is a put option at a strike of HKEX:530 expiring on 5/19/23.
NASDAQ:ULTAShort
by AwesomeAvani
1
ULTA , LONG This actually turned to a false entry by end of day , took it with less than 15 minutes left in the day , but unfortunately its signal could not hold , the reason I take my trades close to the close and sometimes after is exactly to avoid this and had I noticed earlier , I would have actually got out ... Not to say it might not still work though so lets see , but not a proper signal , was actually either this or ACGL but I chose this because it has stronger RS... It is a fairly stronger stock so lets see how it handles FOMC tomorrow , but I expect to get stopped out with the bad close ...
NASDAQ:ULTALong
by NAK1987
Perhaps a Bit ToppyThis is a strong stock and also a Market darling. Who knows? It could go up forever. I do not think so. I know women love make up but Holy Cow. This is just not something I would buy way up here but we are all different. Price is above the .236 of the trend up bit. Something does not feel right and I could be wrong. Earnings are estimated on 5-25. Short is less than 3%. Risky to short as the folks that own this love it. Risky to go long way up here right now too. I choose Short due to the huge move up and possible M pattern, for now but time will tell. No recommendation
NASDAQ:ULTAShort
by lauralea
7
Ulta Beauty Strategy(1/2) Fundamental Analysis - Hello, this is my strategy on ticker $ULTA. I believe the stock is a great long-term buy-and-hold investment, but not at this time. The stock is undoubtedly overvalued. A recent study published by Macrotrends showed Ulta Beauty shares outstanding for the quarter ending January 31, 2023 were 0.051B. This is a decline of 7.05% YoY. The current downward macroeconomic trend and bearish customer sentiment in the market has caused a lot of disruption. What is really driving this stock? The company's financials look great, but have outpaced the market significantly. I believe this stock will pull back in the near future. Unless the company announces a dividend, I am bearish for the short term. Additionally, the company has seen a significant decrease in volume = a decrease in demand - but the stock is still soaring? (2/2) Technical Analysis - I believe anywhere above $510 is a good place to short. The S/L should be $530 because I believe if the stock doesn't want to break, it will retest the resistance at $537 and run to around $550. The downside is about $20 and the upside is anywhere from $100-$130 for this short position. I see a clear long-term uptrend, but a short term decline before it heads up again. My target is from $390-$410. On March 13, 2023, the 200MA broke the 50MA on the 1H. I believe the 4H 50MA started a reversal. The 200MA is on the rise to try and break the 50MA. This stock will decline little bit little and eventually when the 200MA breaks the 50MA, we will see a significant decline and price. That should be our selling point.
NASDAQ:ULTA
by omaramjad162005
Rising WedgeBearish Rising Wedge noted. The bottom trendline remains in tact so it is not valid. Both trendlines are sloping up and narrowing as the apex. The lines show that the highs and the lows are either rising or falling at differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action Earnings are 3-9 and analysts appear positive on numbers. No recommendation. Short is around 3%.
NASDAQ:ULTA
by lauralea
3
Reanalyzing ULTAI bought puts on ULTA yesterday and I wish I would've waited until today. Oh well, they were well in the money, so I wasn't hurting too terribly today. Anyway, after the run up today, I looked at other alternatives for a stopping point. I don't ever use fib extension levels above 4.236 mostly because those targets are hardly ever hit, but after ULTA surpassed that level, I exited my previous strategy and looked at other alternatives for a stopping point. After pulling out the 4.618 and 4.764 fib extension levels, I'm sticking to the 4.764 as a last final target range of 525-529. Daily RSI is also the highest its been January 2020, so I'm not convinced it has more room to run. If 530 is broken, I'll reevaluate.
NASDAQ:ULTAShort
by FiboTrader1
Top of ULTA (revised)Here's a 2nd chart of ULTA with less clutter "Bought PUTS yesterdays on ULTA because I knew I'd miss todays morning move to hit the 1.618 fib extension. Today should be the highest point ULTA will hit for some time. Price target was 511 and some change for the smaller 1.618 extension which began on Jan 18 '23 as well as the larger 1.618 fib extension which began on Dec. 8 '22 which were both hit this morning. Weekly RSI is at 80.53 and daily is 73.17 and starting to trend downward. Short term price target is 458 (.382 fib retracement) and long term price target of 427 (.618 fib retracement). Something to note is the downgrade to $400 by Wells Fargo earlier this month. Not financial advice"
NASDAQ:ULTAShort
by FiboTrader1
Top of ULTABought PUTS yesterdays on ULTA because I knew I'd miss todays morning move to hit the 1.618 fib extension. Today should be the highest point ULTA will hit for some time. Price target was 511 and some change for the smaller 1.618 extension which began on Jan 18 '23 as well as the larger 1.618 fib extension which began on Dec. 8 '22 which were both hit this morning. Weekly RSI is at 80.53 and daily is 73.17 and starting to trend downward. Short term price target is 458 (.382 fib retracement) and long term price target of 427 (.618 fib retracement). Something to note is the downgrade to $400 by Wells Fargo earlier this month. Not financial advice
NASDAQ:ULTAShort
by FiboTrader1
ULTA Beauty Ready for a Pullback 0.5 leveULTA is sitting below a double top and looking at the Fib levels retraceing the uptrend finishing out December. The RSI shows relative weakness while the MACD shows the trend after a crossover of the lines at each of the two tops. I believe this stock is ready for a short position with a stop loss just above the double top. The first target would be the Fib 0.5 level from the retrace of the uptrend. The second target would be the red line showing the top of the recent high volume area of the volume profile. Conversely, I may wait and watch for a bounce off one of the two central Fib levels or that red line and and take a long trade targeting the double top. ( Trade well , trade often)
NASDAQ:ULTA
by AwesomeAvani
Earnings 12-1 AMCThis stock has been a true out-performer. W pattern noted. If price does not proceed much higher than where it is now, this could be a Alternate Shark. The last W for Ulta was a NEN star which reversed at the 1.272 of the entire structure. Price is above a Rectangle and possible targets in green type. EPS estimates last quarter was $5.70 a share which ULTA beat/This quarter the number to beat is $4.13. Revenue last quarter was estimated at 2.3 Billion and they beat by 93 million. This quarter the number to beat is 2.21 Billion. Numbers appear to be soft. Earnings day is usually when the market decides what will happen. I have always found this odd, but it is what it is. It is like a stock can be overvalued for eons, then earnings day comes and everyone sells it. Price can be in a Rising Wedge for months, then Boom, down she goes on earnings day. No recommendation. Price is above the .236 of the trend up since the covid low. Some resistance noted at the top of the last 3 long candles.
NASDAQ:ULTA
by lauralea
ULTA BEAUTY has had a long uptrend with good strength relative and excellent recent earnings. On the chart, price has risen persistently and consistently from a triple bottom in late September through October The stay-at-home economy is over. Beauty and so cosmetics are back. ULTA should benefit from holiday buying and gifting Looking at long time frame charts. ULTA is now at its all time high. nothing but blue sky above Looks like a decent candidate for call options to me.
NASDAQ:ULTALong
by AwesomeAvani