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Ulta Salon Cosmetics & Fragrance Crosses Below its 10-day MA (ULTA)

By David Diaz

Today, shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) have crossed bearishly below their 10-day moving average of $296.93 on a volume of 116K 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.

Over the past year, Ulta Salon Cosmetics & Fragrance has traded in a range of $120.38 to $301.40 and is now at $296.64, 146% above that low. Over the past week, 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 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 19.7%. 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

Ticker(s): ULTA