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Possible Trend Reversal, Ulta Salon Cosmetics & Fragrance Down on Heavy Volume (ULTA)

By James Quinn

Ulta Salon Cosmetics & Fragrance shares are trading on heavy volume today, having fallen 6.7% to $253.35. Approximately 2.3 million shares have changed hands today vs. average 30-day volume of 1.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

In the past 52 weeks, Ulta Salon Cosmetics & Fragrance share prices have been bracketed by a low of $120.38 and a high of $278.63 and are now at $252.55, 110% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

Keywords: unusual volume ulta salon cosmetics & fragrance

Ticker(s): ULTA