Ulta Beauty, Inc. (uta) Up On Earnings

Discussion in 'Investment Charts' started by gowiththeflow, Dec 6, 2019.

  1. gowiththeflow

    gowiththeflow Senior Investor

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  2. longtermbull

    longtermbull Administrator Staff Member

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    If the shares are indeed back on track there could still be some decent upside :)
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    If it turns out analysts are being cautious about a possible recovery, there could be some serious upside left in this one.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    No need to fret about the pull back - a 50%+ pullback on a sharp rise is not uncommon. Keep an eye, see how brokers react with their short to medium price targets.
     
  5. Buyonthedips

    Buyonthedips Senior Investor

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    This is a typcial process whereby the sellers are slowly being mopped up by the buyers - very interesting to watch! Usually results in a spike upwards once the sellers have been taken out.
     
  6. Chartman

    Chartman Senior Investor

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    The shares are still looking strong after a period of consolidation. If they do push ahead there is no resistance until $300!
     
  7. Buyonthedips

    Buyonthedips Senior Investor

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    Once these shares go through $260 that will be a buy signal :)
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    It looks to me as though the shares are currently being walked down by profit takers, following the trend line. It would not take an awful lot of buyers to push the shares higher into new breakout territory. Investors who missed out previously may well get a chance to buy-in some time soon.
     
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