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.)