BullsEyeView

ULTA Reversal Pending

Long
NASDAQ:ULTA   Ulta Beauty, Inc.
ULTA is at oversold levels as we approach a key level a support. What makes this interesting is the extreme RSI divergence since it’s last oversold signal. It would be hard to imagine ULTA breaking this support. However, we will wait to see what the market tells us. Keep your eyes peeled.
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