Ulta Beauty stock had its Relative Strength (RS) Rating upgraded from 67 to 72 Thursday -- a welcome improvement, but still shy of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Ulta Beauty can continue to show renewed price strength and clear that threshold.
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Is Ulta Beauty Stock A Buy?
Ulta Beauty stock trying to recover from its recent dip below its 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cosmetic and skincare retailer posted 57% EPS growth in its most recent report, while sales growth came in at 24%. Look for the next report on or around May 27.
Ulta Beauty stock holds the No. 2 rank among its peers in the Retail-Specialty industry group. Ulta Beauty and Sally Beauty are also among the group's highest-rated stocks.
