Breakout_Trade

$ULTA 15-Minute Downtrend

Long
NASDAQ:ULTA   Ulta Beauty, Inc
Has a clearly defined downtrend from yesterday on 15-minute chart that it is trying to break. Tested strong resistance at $244 yesterday before fading. It's starting to gain some momentum with RSI crossing above 30 and is about to have MACD cross. Will take a lot to get it back to $244 today but watching for intraday reversal this morning.

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