Ultra Beauty Got A Makeover

Three months ago I wrote a post about the Ultra Beauty,

Ultra Beauty, Looking Definitely Ugly

Ulta Beauty (NASDAQ:ULTA) took a hit Friday, falling as much as 10%+ after announcing their quarterlyearnings. 

But the big buzz as of late was billionaire, Kylie Jenner, announced that she was partnering with Ultra within their stores.  Previously available only online, Kylie Jenner confirmed via Twitter on 8/30.

On the weekly chart, there is weekly demand at $228. Although there is still downside risk, the profit potential isn’t enough.  Thus, there is no trade set-up at this time.

Shares of Ultra Beauty soared 8% after reporting fourth-quarter

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