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ELF Beauty, Stock Of The Day, Nears Breakout After Key Support And Stellar Run

ELF Beauty, Stock Of The Day, Nears Breakout After Key Support And Stellar Run

ELF Beauty stock is the IBD Stock of The Day as it eyes a possible breakout after finding support at a key level. Significantly, ELF stock nearly doubled in the past year and more than quintupled over the past two years. Teen-loved cosmetics brand ELF Beauty skyrocketed on the back of outsize earnings and revenue growth, but it faces challenges in upcoming quarters.