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Ulta Beauty Inc Rises 1.49% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Ulta Beauty Inc (NASDAQ:ULTA) traded in a range yesterday that spanned from a low of $302.15 to a high of $312.20. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $308.88 on volume of 620,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Ulta Beauty Inc on August 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $258.05. Since that recommendation, shares of Ulta Beauty Inc have risen 18.0%. We continue to monitor ULTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Ulta Beauty Inc share prices have moved between a 52-week high of $312.20 and a 52-week low of $191.70 and are now trading 61% above that low price at $308.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.5%.

Keywords: rebounders ulta beauty inc

Ticker(s): ULTA