More is needed than recent positive fundamental news and a bullish price gap.
Checking out the current quality of the charts of this iconic brand amid coronavirus fears.
Let's check out the charts.
Take a half position in this name and wait for the relative strength to climb back up.
Hopefully you did not get caught wrong footed on ULTA.
A look at the retailer's charts and indicators ahead of earnings.
Under CEO Fabrizio Freda, the cosmetics giant takes risks and then does the blocking and tackling needed to win in a challenging retail environment.
EOLS appears to have formed a small triangle pattern the past few weeks and a breakout is likely before reaching the apex.
It would be best to see if shares of the consumer products giant can hold a key support level before pulling the trigger to buy them.
Let's look at the charts and indicators.