Ulta Salon Cosmetics & Fragrance Crosses Below its 10-day MA (ULTA)
Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) shares have crossed bearishly below their 10-day moving average of $268.94 on a volume of 2.3 million shares. Swing traders may find an opportunity 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 $278.63 and is now at $252.55, 110% 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 62.3%. 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