Defensive Consumer Goods Small Cap in High Tight Flag
Elf Beauty (ELF) sharing flagging strong above 8/21 EMA and near the highs showing relative strength as MACD crosses bullish and a breakout above 40 can see a new high into 44 which is a fib extension from the recent coiled consolidation range. ELF is a small cap name but lower beta that has held up quite well as a defensive consumer stock.
