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Ulta Beauty Inc Crosses Above its 10-day MA (ULTA)

By David Diaz

Today, shares of Ulta Beauty Inc (NASDAQ:ULTA) have advanced above their 10-day MA of $330.07 on a volume of 195K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Ulta Beauty Inc has traded in a range of $224.43 to $368.83 and is now at $336.35, 50% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ulta Beauty Inc on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $341.36. Since that call, shares of Ulta Beauty Inc have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ulta beauty inc

Ticker(s): ULTA