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After Yesterday's Rally of 1.77% Shares Could Potentially Pullback

By James Quinn

Ulta Beauty Inc (NASDAQ:ULTA) traded in a range yesterday that spanned from a low of $341.98 to a high of $349.24. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $348.12 on volume of 223,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Ulta Beauty Inc share prices have been bracketed by a low of $224.43 and a high of $359.69 and are now at $348.02, 55% above that low price. The 200-day and 50-day moving averages have moved 0.60% higher and 0.57% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Ulta Beauty Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ulta Beauty Inc in search of a potential trend change.

Keywords: rebounders ulta beauty inc

Ticker(s): ULTA