Shares of Ulta Salon Cosmetics & Fragrance Rise Above Previous 52-Week High
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded at a new 52-week high today of $278.63. This new high was reached on below average trading volume as 261,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) is currently priced 33.8% above its average consensus analyst price target of $182.40. Ulta Salon Cosmetics & Fragrance shares have support at the 50-day moving average (MA) of $191.98 and additional support at the 200-day MA of $175.20.
Ulta Salon Cosmetics & Fragrance share prices have moved between a 52-week high of $278.63 and a 52-week low of $120.38 and are now trading 129% above that low price at $275.40 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.
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 64.9%. 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