Ulta Salon Cosmetics & Fragrance Bearish Moving Average Crossover Alert (ULTA)
Today, shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) have fallen below their 10-day MA of $207.01 on a volume of 164K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Ulta Salon Cosmetics & Fragrance have traded between a low of $120.38 and a high of $212.92 and are now at $204.94, which is 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has risen 0.5%.
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 24.4%. We continue to monitor ULTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ulta salon cosmetics & fragrance