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Is ULTA building bullish momentum? Crossed Above 200 Day Moving Average shows up after gaining 4.89%
ULTA finished higher by 4.89% on Friday, August 7th, trading 0.6 times its typical volume. Multiple bullish signals emerged — Crossed Above 200 DMA, Upper Bollinger Band Walk & Expansion Breakout — suggesting potential strength ahead. Key support levels exist at 546.46, 527.78 & 517.65, with resistance at 575.28, 585.41 & 604.09. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of ULTA: B
There’s more where that came from. See all of today’s signals for ULTA here.
Read full article here »