Monday’s rally helped Ultimate Software (ULTI) retake a 209.81 buy point from a cup-with-handle base. Lack of strong volume, however, put a damper on festivities.
The stock is volatile. On Feb. 5, in the wake of an earnings report, it fell 10%, and then lost another 6% the next day. On April 27, following its most recent earnings report, the stock recorded a daily spread from high to low of 9% before closing with a 2% gain.