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.
The long side of the beauty products stock looks risky to me.
It may pay to keep this one on your future shopping list.
I would use today's decline in ULTA as an opportunity to go long via calls.
Let's check the charts and indicators.