Consider it an Ulta-mate rally. Shares of Ulta have roared 7,500 percent in the past 10 years, and one technician expects more gains.
div > div.group > p:first-child"> Shares of Ulta Beauty have roared around 7,500 percent higher in the past 10 years, far better than the 315 percent increase for the S&P 500 off its March 2009 intraday low."The chart has been extremely constructive," Baruch said on CNBC's"Trading Nation" on Wednesday."You've got a trend line going back to 2014. It has tested it four times and it has held.
An ascending triangle pattern typically suggests bullish momentum building toward a breakout. Ulta needs to rally 4 percent to reach $325 in what would mark a new record. Another 30 percent rally would take Ulta up to $422.50. "This presents an opportunity for investors as we head into earnings who want to protect a position, who want to protect this recent rally," Gilbert said on"Trading Nation" on Wednesday."The market is implying around a 7 percent move for the upcoming earnings."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vanguard Just Made Its S&P 500 Fund Even CheaperVanguard Group will not be outdone. A fintech start-up offered to zero-fee ETFs first, but that’s quickly becoming old news.
Read more »
Investors should no longer bet on Warren Buffett.HowardRGold with strong words: Investors should no longer bet on Warren Buffett
Read more »
The Fortune 500 is expected to gain another female CEOIt's likely that Old Navy CEO Sonia Syngal will stay with the company as it spins off from Gap Inc.
Read more »
French tax on internet giants could yield 500 million euros per year: Le MaireA three percent tax on the French revenue of large internet companies could yiel...
Read more »
500 ISIS fighters surrender in group's last Syrian enclaveSome 500 ISIS fighters surrendered to US-backed Syrian Democratic Forces on Tuesday, amid the final push to wrest the jihadist group from Baghouz, its last remaining enclave in Syria.
Read more »
Disney heiress slams CEO pay, says 'Jesus Christ himself isn't worth 500 times' worker salariesAbigail Disney, the granddaughter of Roy Disney, co-founder of The Walt Disney Company with brother Walt Disney, said she thinks 'CEOs in general are paid far too much,' on CNBC's 'Squawk Box' Thursday.
Read more »
Wall Street rises as trade optimism counters weak dataThe S&P 500 and the Dow Jones Industrial Average rose on Friday after three days...
Read more »
These Are The 5 Books Chosen For The 2019 'One Book, One New York' ProgramVoting will begin April 1.
Read more »
Panalpina backs one-share, one-vote proposal over Cevian oppositionSwiss freight forwarder Panalpina's board on Tuesday said it would back a p...
Read more »