Ulta Beauty Levels to Watch After Post-Earnings Surge
31 minutes ago
Ulta Beauty (ULTA) shares traded sharply higher in premarket trading Friday after the cosmetics retailer surpassed Wall Street’s earnings expectations and raised its outlook.
The stock sits poised to break above the upper trendline of an ascending triangle after the company’s upbeat quarterly results, setting the stage for a potential upside reversal.
Investors should watch key overhead areas on Ulta Beauty's chart around $435, $465, and $497, while also monitoring a crucial support level near $412.
The stock was up 10% at $432 about ten minutes before Friday's opening bell.
Read the full technical analysis piece here.
–Timothy Smith
Major Index Futures Mixed Ahead of Jobs Data
1 hr 45 min ago
Futures tied to the Dow Jones Industrial Average were down 0.1%.
S&P 500 futures were also off 0.1%.
Nasdaq 100 futures were up fractionally.
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