This resource will highlight the reasons as to why the Ulta stock is up or down. This will include major news announcements, mergers and acquisitions, upgrades and downgrades and earnings. On days in which there is no major news or stock movement I will not update.
October 13th, 2016 – $266.14 – Up 11.37% – What a day for Ulta. Anyone that knows the search trends for this company knows they are printing cash. Today, they raised both profit and sales outlooks through 2019. Yes, you read that correctly, EPS growth will continue in the “low twenties” through 2019. This stock started the day up around 4% and continued to move higher all day. The stock is now above its 50 day moving average and could work its way back to the all time high around $280 a share.
October 6th, 2016 – $241.57 – Up 2.53% – Ulta finally found a bid to solidly push the price above the 20 day moving average. We will see if this technical move higher can help the stock move up to the 50 day moving average around $250 a share.
September 27th, 2016 – $243.66 – Up 2.46% – It looks like Ulta is back on solid ground after hitting a bottom at $230 a share. Today, with the move higher, Ulta is now above its 20 day moving average but still $10 below its 50 day moving average. I fully expect the 50 day moving average to serve as strong resistance in the near future. In the meantime, it is nice to see a retail stock that is going up.
September 21st, 2016 – $239.74 – Up 2.8% – After the Fed decided to keep rates unchanged Ulta saw a huge bounce. This is exactly what the stock needed after sliding throughout much of September 2016. I predict we will see a strong move higher all the way to the 50 day moving average in the near future. That will put the price around $250.
August 30th, 2016 – $244.97 – Down 3.59% – The 50 day moving average did not hold and technical traders dumped their Ulta stock quickly. The 200 day moving average is all the way down around $205 a share. Another high volume sell off and we could be looking at a move all the way down to this area.
August 26th, 2016 – $254.85 – Down 6.11% – Ulta reported a great quarter but was priced for perfection. The stock sold off early and continued to sell off the entire day. When all was said and down, the stock settled around its 50 day moving average. This will be an important support level moving forward.