Ulta Beauty's stock (ULTA) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, with negative signals from the RSI, gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 486.80, provided the support of 451.30 holds on.
Expected trend for today: Bullish