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Friday, September 13, 2013


ULTA broke a long string (about 6 or 6 quarters) of decelerating growth with an accelerating growth quarter today. This has not been a market leader since it began the decelerating growth, but looks like it is ready to become one again. The price relative line is not that impressive, but considering the headwinds this has had for the past year, is not bad. CMF went sharply negative just before the breakout, but is also happened just before the last breakout, so I am not too concerned about that. I will be taking a look at the earnings this weekend.

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