On Thursday, Ulta Beauty got an upgrade to its Relative Strength (RS) Rating, from 79 to 84.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating of over 80 as they begin their biggest price moves.
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Ulta Beauty is trying to complete a cup without handle with a 556.60 entry. It still has a way to go before hitting the pivot, so let's see if it can break out in volume at least 40% higher than normal. Of note is the big gap up on earnings, which often means the stock needs to digest those gains before moving higher.
ULTA Earnings
The company showed -5% EPS growth in its most recent report, while sales growth came in at 6%.
The company holds the No. 2 rank among its peers in the Retail-Specialty industry group. Maison Solutions is also among the group's highest-rated stocks.
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