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Recent 52-Week High Exceeded in Shares of Ulta Beauty Inc (ULTA)

By Shiri Gupta

Shares of Ulta Beauty Inc (NASDAQ:ULTA) traded today at $367.34, breaking its 52-week high. This new high was reached on below average trading volume as 162,000 shares traded hands, while the average 30-day volume is approximately 756,000 shares.

Ulta Beauty, Inc. operates a chain of beauty stores. The Company offers cosmetics, fragrance, skin and hair care products, and salon services. Ulta Beauty serves customers throughout the United States.

Over the past year, Ulta Beauty Inc has traded in a range of $224.43 to $367.34 and is now at $367.34, 64% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

Ulta Beauty Inc (NASDAQ:ULTA) is currently priced 30.8% above its average consensus analyst price target of $254.05. The stock should find initial support at its 50-day moving average (MA) of $344.17 and further support at its 200-day MA of $310.17.

SmarTrend is tracking the current trend status for Ulta Beauty Inc and will alert subscribers who have ULTA in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows ulta beauty inc

Ticker(s): ULTA