Watch These Ulta Beauty Price Levels as Stock Surges After Berkshire Hathaway Takes Stake

Key Takeaways Ulta Beauty shares jumped 14% in extended trading on Wednesday after a regulatory filing revealed that Warren Buffett's Berkshire Hathaway had purchased 690,106 shares in the cosmetics retailer during the second quarter. Since setting a record high in mid-March, Ulta Beauty shares have traded within a falling wedge, a chart formation that, while sloping downwards, indicates a bullish trend reversal. Amid the stock's Berkshire-inspired jump, investors should watch key chart levels at $373, $406 ...