Ulta Beauty is dragged down by poor e.l.f. numbers — the stock is trading outside the Bollinger Bands and is ripe for a reversal!
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After e.l.f. Beauty lowered its forecast on February 6, the entire beauty industry experienced a severe setback. Ulta Beauty's shares were also significantly impacted. However, at the current level, one might speculate on a rebound here. The company recently appointed a new CEO from within its own ranks. The outlook for the fiscal year 2025 has been revised upward, which suggests to me that the upcoming quarterly figures should be better than those of the competitors. Ulta Beauty possesses a strong competitive advantage due to its wide product...
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