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

By Amy Schwartz

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded at a new 52-week high today of $241.40. Approximately 103,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Based on a current price of $240.66, Ulta Salon Cosmetics & Fragrance is currently 24.2% 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, 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 $241.40 and is now at $240.66, 100% above that low. 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%.

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 42.3%. 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