Two Highly Rated Stocks Stage Breakouts

Investor's Business Daily Video

Updated Wed, Jul 8, 2015, 6:46 PM

Two highly rated stocks staged breakouts in the stock market Wednesday: Allegiant Travel and Ulta Beauty. Allegiant reported a big jump in June passenger unit revenue late Tuesday. Shares gained 4% on Wednesday, breaking out of a cup-with-handle base with a 183.61 buy point. Volume was above average. Allegiant is in buy range to 192.79. The carrier has an IBD Composite Rating of 93 out of 99. Its stock has gained 25% in 2015. Ulta Beauty also tried to break out today, but it was not successful. The beauty products retailer gained a fraction early on in the session, hitting a new high and clearing a 159.95 buy point by 5 cents. Volume was slightly above average. Ulta has a 98 Composite Rating. Shares are up 24% so far this year.

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Two Highly Rated Stocks Stage Breakouts

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