Stocks To Watch: IBD 50's Ulta, Silicon Motion; Hot IPOs Line, Acacia – Investor's Business Daily

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IBD 50 members Ulta Beauty (ULTA) and Silicon Motion Tech (SIMO) and hot IPOs Line (LN) and Acacia Communications (ACIA) lead your stocks to watch for the coming week.

Ulta Beauty

The beauty products retailer lost support at its 50-day moving average Friday despite another strong quarterly report, with shares diving 6% Friday to 254.85.

See if the top-rated stock can retake that level, which would be bullish, or if hits resistance at the line.

IBD’S TAKE: Despite Friday’s negative action, Ulta Beauty shares have been on a big run, with the stock up 35% from a buy point cleared in March. To see which top-rated stocks are presenting buying opportunities now, check out the “Leaders Near A Buy Point” section on Leaderboard.

Silicon Motion Tech

Though a drop below the 50-day line is bearish, it doesn’t necessarily spell doom and gloom. Chipmaker Silicon Motion Tech recently broke below its 50-day line for the first time since February, but is working to regain that level.

On Friday, it closed up 3.55% at 50.61,  just 1% below the 50-day.


Leaderboard member Line re-cleared an aggressive entry at 42.46 Friday, and is trading in the 5% buy range. The Japan-based social network had cleared another buy point at 44.59 on Aug. 15, but recently triggered a sell signal by falling more than 5% below the pivot.

Acacia Communications

Acacia, which makes high-speed telecom gear components, is trading 13.6% below its recent all-time high, but it has found support at the 100 price level. Shares presented a buying opportunity with an IPO base buy point of 43.20, and after initially fading back below that level amid Brexit, it’s now up more than 150% from that level.


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