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SmarTrend Watching for Potential Pullback in Shares of Ulta Beauty Inc After 2.52% Gain

By Amy Schwartz

Ulta Beauty Inc (NASDAQ:ULTA) traded in a range yesterday that spanned from a low of $244.13 to a high of $249.53. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $242.24 on volume of 480,000 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, shares of Ulta Beauty Inc have traded between a low of $224.43 and a high of $368.83 and are now at $247.84, which is 10% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 3.1%.

SmarTrend is tracking the current trend status for Ulta Beauty Inc and will alert subscribers who have ULTA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ulta beauty inc

Ticker(s): ULTA