When considering stocks to watchlist for stocks, one good hunting technique is to look for RS ratings of 80 or higher. According to market research, the biggest winner in the market usually has her RS rating of 80 or above in the early stages of the move. Ulta Beauty’s stock meets that criteria with a new score of 81.
high rank ultra beauty (ULTA) shares are building the consolidation with 429.58 entries, not far below all-time highs. However, it surged from a low of 124.05 in late March 2020 during the Covid crash to an all-time high of 438.63 on April 21 of this year. Despite a tough market correction, fewer corrections than most equities in the first half of 2022 is a sign of strength. See if the stock’s volume can outperform the average by at least 40%. His Ulta Beauty, a Chicago-area-based beauty product chain, traded above 373 on Tuesday afternoon, down about 1.6% amid a market pullback.
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Top 9% Ulta Beauty Stocks Overall
Ulta Beauty’s earnings climbed 54% to $6.28 per share in its latest quarterly report. Sales he increased 21% to $2.35 billion. Look for the following report around August 25th.
Among other major ratings, Ulta Beauty has a nice looking 90 EPS rating. quarter and year. One of the yellow flags is the D+ Cumulative/Distributive Rating, which indicates slightly more shares sold by the fund than bought. Look for it to improve over C.
Ulta Beauty’s stock ranks second among peers in the retail specialty industry group. sally beauty (SBH) and National Vision Holdings (EYE) is also one of the group’s highest rated stocks. The group ranks him 66th among his IBD trucks of 197 industries.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique Relative Strength Rating measures market leadership by showing how a stock’s price movement over the past 52 weeks compares to the movement of other stocks in the database.
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