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Ulta Salon Cosmetics & Fragrance: The Winning Streak Continues (ULTA)

By Nick Russo

Shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) traded at a new 52-week high today of $310.00. So far today approximately 975,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Based on a current price of $307.60, Ulta Salon Cosmetics & Fragrance is currently 3.4% above its average consensus analyst price target of $297.26. The stock should discover initial support at its 50-day moving average (MA) of $191.98 and subsequent support at its 200-day MA of $175.20.

Over the past year, Ulta Salon Cosmetics & Fragrance has traded in a range of $120.38 to $310.00 and is now at $307.60, 156% above that low. 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%.

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.

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 17.8%. 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