Ulta Beauty Stock Surges on Strong Earnings and Outlook

Ulta Beauty's stock surged in after-hours trading following better-than-expected earnings and an improved fiscal outlook. The company now forecasts full-year net sales between $11.1 billion and $11.2 billion, slightly up from previous estimates. Despite a 20% decline earlier this year due to competition and slowing demand, the stock rose 12% to $440.65. Investors are advised to watch key price levels at $435, $465, and $497, with a crucial support level at $412, as the stock may break out of a bullish ascending triangle pattern.