The beauty industry is renowned for its resilience, but even giants like Ulta Beauty ( NASDAQ:ULTA ) are not immune to the shifting tides of consumer demand and market competition. Recently, Ulta Beauty's CEO David Kimbell sounded a cautionary note, signaling a slowdown in first-quarter demand and intensifying competition, which sent shockwaves through the market...
Ulta Beauty ( NASDAQ:ULTA ), a prominent player in the beauty retail landscape, finds itself navigating choppy waters as its annual profit forecast falls short of Wall Street estimates. The announcement, made on Thursday, sent ripples through the market, with the company's shares declining by 4.5% in extended trading.
Elevated supply chain costs and increased...
If you haven`t sold the Double Top on ULTA:
Then analyzing the options chain and the chart patterns of ULTA Beauty prior to the earnings report this week,
I would consider purchasing the 560usd strike price Calls with
an expiration date of 2024-4-26,
for a premium of approximately $20.00.
If these options prove to be profitable prior to the earnings release, I...
Uptrend
After a pullback, it's passed of last top and it could be a good buying opportunity by setting a SL at a good place and targeting at about 550.
If you haven`t sold ULTA`s Double Top Bearish Chart Pattern here:
or the previous earnings signal:
Then analyzing the options chain and the chart patterns of ULTA Beauty prior to the earnings report this week,
I would consider purchasing the 455usd strike price Calls with
an expiration date of 2023-8-25,
for a premium of approximately $14.40.
If these options...
Following the Gap on the results, where after the results the price dropped to 400, it's been on the retreat since backto 458. This is also 38% on the Fib, and looks to have rejected the level so expect to see this head down. Have captured the supply and demand levels and expect to see 400 retested sometime soon and then heading to 342......
NASDAQ:ULTA gapped down after lowering guidance in their recent earnings call. The current price completes the proportional gap down and brings it to the 0.382 of the uptrend from the covid low, as well as an area with strong volume support. I'm looking for an entry at $393, TP at $460, and SL at $358.
Note that May 2022 was the last time that earnings guidance...
below trend support/495.15 we will see a lot more downside, bounce here and break of 515.64 and more upside should follow
technically its in bullish trend for past year, so short should be careful shorting here..
no trigger no trade.. boost and follow for more 👉
Looking at the ULTA Beauty Options options chain ahead of earnings , I would buy the $480 strike price Puts with
2023-9-15 expiration date for about
$28.90 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
NASDAQ:ULTA 6/16 450P traded 5000x on Friday 5/12... ULTA 200 day moving average = 465. A break below that support level will cause a bearish trend with the potential to retreat to 435. The 23.6% fib retracement is ~ 450. There is not much support below 450.
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.
