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Ulta Salon Cosmetics & Fragrance: 52-Week High Recently Eclipsed (ULTA)

By Amy Schwartz

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded today at a new 52-week high of $313.14. So far today approximately 64,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, Ulta Salon Cosmetics & Fragrance share prices have been bracketed by a low of $120.38 and a high of $313.14 and are now at $312.23, 159% above that low price. 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 (NASDAQ:ULTA) is currently priced 4.8% above its 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 25.2%. 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