Ulta Beauty, Inc.Pembelian
ULTA looking to make new all time highs!
ULTA (Ulta Beauty, Inc) is testing resistance around the $355 area that dates back to mid 2019.
Fundamentally,
* It's undervalued with a PEG of 0.77
* Its earnings per share is expected to grow over the coming year.
Technically,
* General up trend
* Beta > 1 (following the general market trend)
* Broke above the resistance of $315 that dates back to 2017 and retested it as support
* It's approaching and testing resistance that dates back to 2019 and is looking to break through
Final thoughts:
* This is a good long term hold as the company is generally doing really well.
* It's currently undervalued, meaning it's actually worth more than the current price.
* Now would be a good time to get in if you're looking to hold this for the long term.
* If you're looking for a discount, look for buying opportunities around the $340 area
* If the price closes below $340 then look for buying opportunities around the $330 area.
Alternatively, if you like to buy high and sell higher, you can look for the price to make a weekly close above $355.36.
Fundamentally,
* It's undervalued with a PEG of 0.77
* Its earnings per share is expected to grow over the coming year.
Technically,
* General up trend
* Beta > 1 (following the general market trend)
* Broke above the resistance of $315 that dates back to 2017 and retested it as support
* It's approaching and testing resistance that dates back to 2019 and is looking to break through
Final thoughts:
* This is a good long term hold as the company is generally doing really well.
* It's currently undervalued, meaning it's actually worth more than the current price.
* Now would be a good time to get in if you're looking to hold this for the long term.
* If you're looking for a discount, look for buying opportunities around the $340 area
* If the price closes below $340 then look for buying opportunities around the $330 area.
Alternatively, if you like to buy high and sell higher, you can look for the price to make a weekly close above $355.36.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.