ULTA bounced back from its support level & seems breaking out of a downward channel formation. It had quite some insider buying. We think it will continue upward from here.
* Trade Criteria *
Date First Found- March 8, 2018
Pattern/Why- Downward channel breakout
Entry Target Criteria- Current price ($207.47) (Hit March 9, 2018)
Exit Target Criteria- $230
Stop Loss Criteria- N/A
Indicator Notes- Crossed above its Moving averages
Special Note- Lots of insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- March 8, 2018
Pattern/Why- Downward channel breakout
Entry Target Criteria- Current price ($207.47) (Hit March 9, 2018)
Exit Target Criteria- $230
Stop Loss Criteria- N/A
Indicator Notes- Crossed above its Moving averages
Special Note- Lots of insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.