Ulta Beauty stock had its Relative Strength (RS) Rating upgraded from 71 to 83 Wednesday. The cosmetic and skincare retailer retook off its 50- and 200-day moving averages on Wednesday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
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Is Ulta Beauty Stock A Buy?
Ulta Beauty stock is building a consolidation with a 422.53 entry. See if it can clear the breakout price in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cosmetic retailer posted 57% EPS growth in its most recent report. Revenue rose 24%.
Ulta Beauty stock earns the No. 1 rank among its peers in the Retail-Specialty industry group. For more industry news, check out "Retail And E-Commerce Stocks And Industry News."
