ULTA trade ideas
ULTA Ready to Regain?Its been up and down for ULTA for the past few weeks but technical indicators with SMA cross over on day's trend along with volume and direction, looks like it's heading north again. Next stop if the strong push continues will be around $259
Ulta Longwedge could lead to a breakout, price is also close to support for a potential double bottom formation.
Long ULTAProbable back fill of the gap on the daily chart to roughly $314. Clean bullish divergences on the RSI and MACD to support back fill scenario.
ULTA "Beauty" - How Beautiful Is It Really?This is a MONTHLY chart. Each candle represents one month of price action.
Quick question. When a stock goes up, can we all agree that the market is buying it? Well of coarse! And we should be able to draw an up trend line that touches 2 or more candle lows to visually represent an increase in price over time.
One more quick question. What does it mean if we are able to draw other up trend lines that are steeper? Maybe it means that the market is buying it faster so it is going up faster? The series of steeper trend lines on this chart are my focus...
Let's focus on The Up Trend lines.
The first one starts in March of 2009 and has an angle of elevation of 21 degrees. Let's call this one UT#1.
The next starts in September of 2010 and has an angle of elevation of 27 degrees. Let's call this one UT#2.
The last one on this chart started in June of 2014 and has an angle of elevation of 40 degrees. Let's call this one UT#3.
I hope you can agree that owning ULTA from June, 2014 to now would have given you the fastest increase in value. Hence the 40 degree angle of elevation. Now that the history is behind us, we naturally want to know about the future... Anybody have a crystal ball that works??? My Dad had one but it had a crack in it I think. Oh yea, it was real foggy too. Especially when I asked him to tell me if the market or a stock was going to go up or down. I miss him alot...
Let's get back to the future... Remember this basic rule about trend lines. Price will either bounce at the trend line, loiter around the trend line, or go through the trend line. If ULTA bounces here, we can all agree the is a great place to get long. Entries Matter!! Your potential profit depends on it! If ULTA loiters around the trend line, you will have a hard time knowing what comes next so why be long or short? I wouldn't be either. If ULTA breaks down below the trend line, it might be a good time to be short. At least take some profits. Yes, I know, I just said "short" ULTA... It is always a possibility.
ULTA's price dropped below UT#3 in september but then went back above it by the end of the month. In October ULTA was higher than the September candle high but is now back to UT#3. This is not a good sign for longs. It is time to watch this closely. 40% of October is still in front of us so just watch ULTA. Don't go making any rash decisions. Decide what your "line in the sand" is. Mine would be UT#3. Or the open of September's candle. Or the low of the August candle. If you sell at your line in the sand, and ULTA bounces, you can always buy it back.
Protect your profits!!
$ULTA Short term Target $275 In Ulta BeautySpeculation that Pershing square has taken a stake in the stock could result in quite a rally.
The stock is currently within a channel with a $275 price target.
Indicators are bullish and Bollinger bands look like a move higher is coming.
Average analysts price target $292 | Overweight
Short interest 6.2%
P/E Ratio 21 which is well valued.
ULTA Gap Fill?!This a trade set up I'm watching for next week, once price enters that purple box we should fly up to about 320 I put the target at 328 because that's where the 0.618 fib extension and second gap are located. This chart is also based on info of insider trading and a cup & handle formation check out the attached chart for more on that.
ULTA (Cup & Handle)Insider Charles Heilbronn bought 243,849 shares on 2019-09-30 at $241.52 and I see a cup and handle formation going on day 5 of daily candle closes.
ULTA, Bullish again?Hopefully continues the trend back up. Comment your thoughts about where this stock is headed below.
Volume is also above average ever since the big dropoff
$ULTA finally broke daily range Has room Read comments belowFinally cleared 241 resistance next stop 253 area If not already in I would chase this $8 run wait for a pull back
target 250-260it could go lower below 224 or continue up from here, either way, it should reach 250 in a couple of weeks
Long opportunitybuy if it gets above yesterday's high. it would also mean that it got above the vwap from 29th as shown on the chart.
Trade ULTA Short Put 230@3,90 Sep 20 Margen 4200 Target 250Trade ULTA Short Put 230@3,90 Sep 20 Margen 4200 Target 250
ULTA a Buying Opportunity HereUlta's previous resistance becoming support. I've been loading up on 9/27 calls. Do your own due diligence. Do not trade on my comments.
ULTA
$ULTA Sell The Rallies, Don't Buy The DipsWe expect weakness to continue in $ULTA.
There was quite a bit of technical damage done last week and we are targeting $184 to $194 on the downside.
Ulta Beauty (NASDAQ:ULTA) went into a freefall last month after a soft Q2 earnings report and warning on a July to August slowdown in color cosmetics sales.
During the earnings call (transcript), Ulta execs stated that there's been a "disruption in the makeup category" that accelerated over the last several weeks. "After several years of very strong performance, growth in the makeup category has been decelerating over the last two years, but recently turned negative," noted Ulta CEO Mary Dillon.
Surveying the scene, Oppenheimer warns that the makeup malaise could last the balance of the year as the comparable sales marks will be tough to match, but sees value for long-term ULTA investors at the current trading price.
As always, trade with caution and use protective stops.
Good luck to all!
