Ulta Beauty: 15min chart triggers Bollinger Bands expanding upward, bullish Marubozu.

Based on the 15-minute chart for Ulta Beauty, the recent price action has triggered a bullish signal, as indicated by the expansion of Bollinger Bands upward and the presence of a bullish Marubozu candle on August 5, 2022, at 09:45. This suggests that the market is being driven by strong buying pressure, with buyers exerting control over the market's direction. As a result, it is likely that the bullish momentum will continue in the near term.

Ulta Beauty (ULTA) stock has been experiencing a significant upward trend, with a notable bullish signal identified in the 15-minute chart on August 5, 2022, at 09:45. The expansion of Bollinger Bands upward and the appearance of a bullish Marubozu candle suggest strong buying pressure, indicating that buyers are controlling the market's direction [1].

The recent price action is supported by positive news from the company. Therabody, a leading provider of science-backed wellness and beauty technology, has announced its partnership with Ulta Beauty. Starting this Fall, a curated collection of Therabody's top wellness and beauty products will be available in over 300 Ulta Beauty stores and online, bringing innovative self-care solutions to consumers [2].

Additionally, the stock has shown resilience despite recent market conditions. Ulta Beauty's shares have gained 6.27% over the past month, outperforming the Retail-Wholesale sector's loss of 1.38% and the S&P 500's gain of 0.64% [2]. The company's earnings per share (EPS) are projected to be $4.92, with revenue expected to reach $2.6 billion, demonstrating a 7.17% decrease in EPS and a 1.7% escalation in revenue compared to the same quarter last year [2].

Investors should also note that Ulta Beauty has a Zacks Rank of #3 (Hold), indicating a neutral outlook. The stock is currently being traded at a Forward P/E ratio of 21.63, which is a premium compared to its industry average Forward P/E of 14.38. The PEG ratio of 3.07 indicates that the stock's expected earnings growth rate is relatively high compared to its peers [2].

In conclusion, Ulta Beauty's stock has shown strong bullish momentum, supported by positive news and analyst optimism. The recent price action, driven by buying pressure, suggests that the bullish trend may continue in the near term.

References:
[1] https://finance.yahoo.com/news/therabody-brings-science-backed-wellness-133000047.html
[2] https://finance.yahoo.com/news/ulta-beauty-ulta-rises-trails-214502646.html