(Finance) – Discount for Ultra Beautywhich changes hands at a loss of 12.62%.
The cosmetics group presented mixed results for the first quarter, highlighting a slowdown in the growth in demand for cosmetics.
“While we expect the operating environment to continue to evolve, we remain confident in the resilience of the beauty category and our ability to drive profitable growth with our proven business model, best-in-class and diverse assortment, leading loyalty program and a world-class team,” said CEO Dave Kimbell.
The scenario on a weekly basis of retailer of beauty products and services detects a loosening of the curve with respect to the force expressed by theS&P-500. This retreat could make the title subject to sales by operators.
The medium-term technical status of Ultra Beauty remains negative. In the short term, however, we see an improvement in bullish strength, with the curve meeting the first resistance area at USD 435.7, while supports are estimated at USD 416.3. The technical implications lean in favor of a new bullish starting point with a target estimated probably in the 455 area.