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Ulta Beauty Inc Rising on Above-Average Volume, Consistent With Trend (ULTA)

By Amy Schwartz

Ulta Beauty Inc shares are trading on heavy volume today, having risen 9.4% to $341.75. Today's volume of 1.1 million shares tops the average 30-day volume of 708,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Ulta Beauty Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $252.24. Since that recommendation, shares of Ulta Beauty Inc have risen 23.9%. 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 $341.75 and a 52-week low of $199.15 and are now trading 72% above that low price at $341.75 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.9%.

Keywords: unusual volume ulta beauty inc

Ticker(s): ULTA