PPR - Continuation Pocket Pivots: ULTA and QLIK

Published : July 9 2011 at 12:31 ET

Both Ulta Salons (ULTA) and Qlik Technologies flashed continuation type pocket pivot buy points on Friday, despite the market sell-off. ULTA is in a much more extended position than QLIK, but both stocks have recently shown "ants" on their daily charts, the small black triangles that show up on our charts whenever a stock is up 12 out of 15 days in a row or better, generally considered a sign of upside thrust and power. The "ants" .efs file for eSignal is available on the Downloads section of the VoSI website.

ULTA Daily Chart

QLIK Daily Chart

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