The Traderszone Network

Published in TZ Latest News 8 July, 2015 by The TZ Newswire Staff

Amid Sell-Off, Breakouts Are Few And Unimpressive

A few stocks grudgingly tried to break out Wednesday as the stock market slid. One valiant effort came from Ulta Beauty (ULTA). It dropped 0.87 to close at 158.55, but only after it rose barely above a 159.95 buy point from a flat base. Trading during the base has been exceedingly tight, and the base corrected just 6%. A study of volume during the base shows plenty of accumulation.

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