TradingView
TopgOptions
Apr 28, 2023 8:38 PM

ULTA Beauty Double Top Short

Ulta Beauty, Inc.NASDAQ

Description

This looks like a shortable double top on ULTA Beauty.

Stop loss: 565usd
Take Profit: 515usd
200 Moving Average: 441usd

Looking forward to read your opinion about it.

Trade active

ULTA trading at $519.02 intraday, closer to our take profit of 515usd.
I think it will reach that price by the end of the week.

Trade closed: target reached

ULTA reached the fist Price target, trading at $512.86 intraday!
Comments
Jianto
Yeah I see a lot of green on that stock's graph, so a pullback should be on the table. The run is overextended.
TopgOptions
@Jianto, thanks for sharing your opinion!
Tim_yang98
Also got a rising wedge. Price target about mid 400s (hopefully).
More