Ulta Beauty, Inc. : The stock approaches again the support level
Entry price | Target | Stop-loss | Potential |
---|
US$248.71 |
US$270 |
US$237.8 |
+8.56% |
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After having been stuck in a trading range, shares in Ulta Beauty are returning to the lower bound of the range phase. This appears to be a good opportunity for opening new positions.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The group's high margin levels account for strong profits.
● The company is in a robust financial situation considering its net cash and margin position.
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The group usually releases upbeat results with huge surprise rates.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 221.88 USD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at USD 255.59.
● Technically, the stock approaches a strong medium-term resistance at USD 257.6.
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Surperformance is Buy on ULTA BEAUTY, INC. since 22/09/2022
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