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Ulta Salon Cosmetics & Fragrance Bullish Moving Average Crossover Alert (ULTA)

By Shiri Gupta

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) crossed over its 10-day moving average of $240.10 on a volume of 1.5 million 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.

Ulta Salon Cosmetics & Fragrance share prices have moved between a 52-week high of $278.63 and a 52-week low of $120.38 and are now trading 112% above that low price at $254.64 per share. 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 its subscribers protect gains by selling shares of Ulta Salon Cosmetics & Fragrance on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $248.83. Since that call, shares of Ulta Salon Cosmetics & Fragrance have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ulta salon cosmetics & fragrance

Ticker(s): ULTA