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

By James Quinn

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded today at a new 52-week high of $259.46. Approximately 57,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) is currently priced 29.4% above its average consensus analyst 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.

Over the past year, Ulta Salon Cosmetics & Fragrance has traded in a range of $120.38 to $259.46 and is now at $258.51, 115% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

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 54.6%. 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