Ulta Beauty (ULTA) will be reporting fourth quarter earnings on Thursday. We last checked in on the charts on September 23, writing "In our review of the charts of ULTA on Sept. 10, we wrote that traders should 'Continue to hold those longs and look for $460 on the upside. Raise stops to $345.' Looking at the charts we can still recommend the long side of ULTA with a $350 sell stop and a $479 price target."
Traders would have been stopped out in late January. Let's check on how things look today.