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Wajeeh Khan

Ulta Stock Is Deeply Oversold on Earnings Selloff. Should You Buy the Dip?

Ulta Ulta Beauty

Ulta Beauty (ULTA) shares crashed on Friday after the largest U.S. cosmetics retailer came up short of profit estimates for its fiscal Q4 and issued muted guidance for the full year. The post-earnings dip pushed ULTA’s relative strength index (14-day) into the low-20s, signaling extremely oversold conditions that often precede a relief rally. 

Following recent declines, Ulta Beauty stock is down more than 20% versus its year-to-date high.

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