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On Wednesday, Ulta Beauty (ULTA) hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 78 the day before. IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database. Over 100 years of market history reveals that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. Ulta Beauty has climbed more than 5% past a 491.98 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average. Top and bottom line growth moved higher last quarter. Earnings were up 9%, compared to 4% in the prior report. Revenue increased from 4% to 9%. The company is expected to report its latest numbers on or around Dec. 4. Ulta Beauty earns the No. 2 rank among its peers in the Retail-Specialty industry group. Regis (RGS) is the No. 1-ranked stock within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
