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According to the 15-minute chart for Ulta Beauty, the Moving Average Convergence Divergence (MACD) indicator has triggered a "death cross" and the KDJ indicator has also triggered a "death cross" on November 4, 2023 at 12:30. This suggests that the stock price has the potential to continue declining, and the momentum of the stock price is shifting towards the downside, which could lead to further decreases in the stock price.
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