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Shares of Ulta Salon Cosmetics & Fragrance Rise Above Previous 52-Week High

By Amy Schwartz

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded today at a new 52-week high of $288.70. Approximately 84,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Ulta Salon Cosmetics & Fragrance share prices have moved between a 52-week high of $288.70 and a 52-week low of $120.38 and are now trading 139% above that low price at $287.59 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

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.

Ulta Salon Cosmetics & Fragrance has overhead space with shares priced $287.59, or 3.3% below the average consensus analyst price target of $297.26. 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.

SmarTrend recommended that subscribers consider buying shares of Ulta Salon Cosmetics & Fragrance on November 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $248.71. Since that recommendation, shares of Ulta Salon Cosmetics & Fragrance have risen 15.7%. 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