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ULTA BEAUTY INCULTA BEAUTY INCULTA BEAUTY INC

ULTA BEAUTY INC

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ULTA trade ideas

ULTA BEAUTY Opinion DailyHey people, ULTA BEAUTY is in a bullish movement with a hammer candle shape and unusual buy volume paid off. The TIMEFRAME M1 shows us a bullish dash with low buying volume at the end of the session. So the conditions are met for it to continue its buying force with great potential to breakout the price of the scrapping of the line that tells its story. To get to the top after if buyers are still pushing to reach the top of the top. All these points visible on (MULTI TIMEFRAME D1 H4 and H1). Please LIKE & FOLLOW, thank you!
NASDAQ:ULTAShort
by stephanelibatd
Ulta Beauty Might Be Sitting PrettyUlta Beauty had a big run between late 2014 and the middle of last year. It crashed in August 2019 and remained under pressure through the coronavirus selloff in March. Since then, it’s squeezed into a range and may now be nearing a breakout. The first thing that stands out on the chart is the large triangle converging around its current price. ULTA had a similar pattern in 2014 before launching on a 200%+ rally. Next is the bullish gap from August 28. That followed a decent quarterly report with comp sales shrinking less than feared. It seemed to suggest customers have remained engaged and interested despite the pandemic. A third chart pattern is the 50-day simple moving average (SMA) rising toward the 200-day SMA. Given the current paces, there could be a “Golden Cross” in the next 7-8 sessions. ULTA still hasn’t given clear confirmation and may retest the bottom of the triangle closer to $219. But it’s a longer-term growth name that may start drawing more interest – especially into the holiday-shopping season. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:ULTA
by TradeStation
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