Yogigolf
Long

ULTA $400 June 2019

NASDAQ:ULTA   ULTA BEAUTY, INC.
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ULTA is a strong company with average revenue growth rate of 22% per year for the last 5 years with the last 12 months right on target.

After dropping 40% in price ULTA is looks to be mirroring its 2013-2014 drop which also was a 40% drop. The quickest moving average has also crossed over.

Seems reasonable to see $400 price right on our trend line and 1.618 fib which was hit after the previous 2013-2014 drop after 1.5 years which would lead us into June 2019 to hit this price.
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