Ulta Beauty saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 69 to 75.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Ulta Beauty can continue to rebound and clear that threshold.
Ulta Beauty is building a cup without handle with a 460.00 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
In terms of fundamentals, Ulta Beauty has posted two quarters of rising earnings growth. Top line growth has been a different story, coming in at -2% in the latest report. The company is expected to report its next quarterly numbers on or around May 29.
The company earns the No. 2 rank among its peers in the Retail-Specialty industry group. RB Global is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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