Ulta Salon Surges, Lululemon Gets Sheared on Earnings Volatility
NEW YORK (TheStreet) -- Earnings winners outpaced the losers this week, as post-earnings volatility continues.
Here are the updated profiles for the post-earnings winners and loser, which are followed by two "crunching the numbers" tables.
The weekly chart is positive with its five-week modified moving average at $29.87. The stock moved above our monthly risky level at $32.36, becoming a monthly pivot which was then tested at Thursday's close. Weekly and semiannual value levels are $30.38 and $21.42, respectively, with the monthly pivot at $32.36 and quarterly risky level at $33.56.
The weekly chart is negative, but oversold with its five-week MMA at $44.40. The stock has been below its 200-week SMA at $56.66 since mid-January. The stock broke below its weekly value level at $39.11, becoming a weekly pivot. A monthly value level is $33.90 with a weekly pivot at $39.11 and quarterly risky level at $53.04.
The weekly chart shifts to positive given a close this week above its five-week MMA at $10.73 with upside to the 200-week SMA at $11.67, still to be tested. Weekly and quarterly value levels are $8.80 and $8.04, respectively, with quarterly and semiannual risky levels at $11.22 and $13.72, respectively.
The weekly chart shows oversold stochastics but shifts to positive next week on a weekly close above its five-week MMA at $89.19 as the 200-week SMA at $78.25 solidifies as support. Weekly and monthly value levels remain at $82.86 and $76.69, respectively, with quarterly and semiannual risky levels still at $102.71 and $120.79, respectively.