ULTA is a strong company with average revenue growth rate of 22% per year for the last 5 years with the last 12 months right on target.
After dropping 40% in price ULTA is looks to be mirroring its 2013-2014 drop which also was a 40% drop. The quickest moving average has also crossed over.
Seems reasonable to see $400 price right on our trend line and 1.618 fib which was hit after the previous 2013-2014 drop after 1.5 years which would lead us into June 2019 to hit this price.
After dropping 40% in price ULTA is looks to be mirroring its 2013-2014 drop which also was a 40% drop. The quickest moving average has also crossed over.
Seems reasonable to see $400 price right on our trend line and 1.618 fib which was hit after the previous 2013-2014 drop after 1.5 years which would lead us into June 2019 to hit this price.