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Ulta Beauty Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Ulta Beauty Inc (NASDAQ:ULTA) traded at a new 52-week high today of $327.63. This new high was reached on above average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 708,000 shares.

In the past 52 weeks, Ulta Beauty Inc share prices have been bracketed by a low of $199.15 and a high of $327.63 and are now at $327.63, 65% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.9%.

Ulta Beauty, Inc. operates a chain of beauty stores. The Company offers cosmetics, fragrance, skin and hair care products, and salon services. Ulta Beauty serves customers throughout the United States.

Ulta Beauty Inc (NASDAQ:ULTA) is currently priced 22.5% above its average consensus analyst price target of $254.05. The stock should discover initial support at its 50-day moving average (MA) of $294.32 and subsequent support at its 200-day MA of $270.75.

SmarTrend recommended that subscribers consider buying shares of Ulta Beauty Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $252.24. Since that recommendation, shares of Ulta Beauty Inc have risen 23.9%. 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 beauty inc

Ticker(s): ULTA