• Return to Headlines

After Yesterday's Decline of 2.17%, Ulta Beauty Inc Offers Investors Better Value

By James Quinn

Ulta Beauty Inc (NASDAQ:ULTA) traded in a range yesterday that spanned from a low of $254.04 to a high of $262.48. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $257.17 on volume of 687,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ulta Beauty Inc has traded in a range of $225.13 to $314.86 and is now at $256.15, 14% above that low. The 200-day and 50-day moving averages have moved 0.48% higher and 2.24% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ulta Beauty Inc on June 21st, 2017 by issuing a Downtrend alert when the shares were trading at $292.55. Since that call, shares of Ulta Beauty Inc have fallen 10.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ulta beauty inc

Ticker(s): ULTA