One day after Silicon Motion Technology (SIMO) exited Sector Leaders following a heavy-volume breach of its 50-day moving average, Ulta Beauty (ULTA) was looking precarious.
The beauty store operator late Thursday reported Q2 earnings of $1.43 a share, up 24% from the prior year and 4 cents over views. Revenue rose 22% to $1.069 billion, topping forecasts for $1.06 billion.