Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.

Today’s instrument is the Ulta Beauty stock, a company that operates as a retailer of beauty products in the United States, which is traded in Nasdaq exchange under the ticker ULTA.

Looking at the ULTA’s chart, we can see that it was lastly traded at around $524.

Today, it is announcing its quarterly earnings and if the market’s anticipation is positive then we should expect its price to continue its uptrend and approach the level of $540, otherwise it could drop down to $500.

Thank you for watching AAATrade’s Intraday Technical Analysis.

From all of us here, we wish you successful and responsible trading.

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