Ulta Beautys stock price (ULTA) continued rising in latest intraday trading, amid the dominance of the main upward trend in the short term, with ongoing positive pressure due to trading above the 50-day SMA. Additionally, we notice positive signals streaming from the Stochastic after reaching extremely oversold levels.

Therefore we expect the stock to rise further in upcoming trading, as long as the support of $452.00 holds on, targeting the resistance level of $501.00.

Todays price forecast: Bullish