Traders are watching this Rounding Bottom on ULTA. Inspect the chart now.
Gradual reversal from bearish to bullish.
Traders are watching Ulta Beauty (ULTA) as price action tightens. With a last close of $475.36, volatility remains active (-0.54%). The primary technical feature is a Rounding Bottom formation. Volume is average (0.88x avg) with moderate trend strength (34.9). A potential breakout level is identified at $494.64, targeting $545.68 with support near $469.12 (R:R 2.0).
What is your outlook on ULTA?