(Finance) – Discount content for Ulta Beautywhich shows a drop of 0.96% despite the company raising its guidance after a positive second quarter.
“Strong consumer demand and widespread momentum throughout our business continued as our teams executed our plans,” said Dave Kimbell, chief executive officer. “For the quarter, we achieved comparable double-digit sales growth in all major categories and increased profitability, demonstrating the strength of our model and the commitment of our teams. “
On a comparative basis on a weekly basis, the trend of Ulta Beauty shows a more marked trend than the trendline ofS & P-500. This demonstrates the greater propensity to buy by investors towards Ulta Beauty with respect to the index.
The short trend of Ulta Beauty is strengthening with area of resistance seen at USD 428.4, while more immediate support is seen at 407.4. A continuation of the upward trend towards 449.5 is expected.