Hubert Senters here.
Let’s take a look at Ulta. It is beginning to melt more to the downside and the markets were up today so it’s a bad sign for Ulta. If you haven’t added this to your things of potential decent shorts you might want to relook at it.
It’s obviously not along at this point. It is a short because it broke the most recent bracket short criteria which would be $236.20. Now on the very next day it traded below but it closed above that line. So that’s going to depend on your rules and how you’re going to approach that.
Now, today it actually traded below and close below so regardless of how you do your rule set that is now unofficial bracket trade short if you’ve got a close or a trade below that’s going to meet both of those criteria so hopefully cut some of it to the downside today.
Mark Helweg is doing a special webinar on ‘’How to Take Minnow Risk to Target Whale Profits,’’ Wednesday, September 4th at 8PM. I will HYPERLINK you to this registration page. Good luck. Hope it helps.