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Recent 52-Week High Exceeded in Shares of Ulta Salon Cosmetics & Fragrance (ULTA)

By Nick Russo

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded at a new 52-week high today of $245.82. Approximately 71,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, shares of Ulta Salon Cosmetics & Fragrance have traded between a low of $120.38 and a high of $245.82 and are now at $245.33, which is 104% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) defies analysts with a current price ($245.33) 25.7% above its average consensus price target of $182.40. The stock should discover initial support at its 50-day moving average (MA) of $191.98 and subsequent support at its 200-day MA of $175.20.

Ulta Salon, Cosmetics & Fragrance, Inc. sells cosmetics, fragrances, skin and hair care products, appliances, and accessories. The Company also offers hair salon services, manicures, pedicures, massages, and other beauty & spa treatments.

SmarTrend recommended that subscribers consider buying shares of Ulta Salon Cosmetics & Fragrance on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $167.29. Since that recommendation, shares of Ulta Salon Cosmetics & Fragrance have risen 46.3%. We continue to monitor ULTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ulta salon cosmetics & fragrance

Ticker(s): ULTA