• Return to Headlines

Ulta Beauty Inc Set to Possibly Pullback After Yesterday's Rally of 1.10%

By James Quinn

Ulta Beauty Inc (NASDAQ:ULTA) traded in a range yesterday that spanned from a low of $251.50 to a high of $255.62. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $253.49 on volume of 219,000 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 $187.96 and a high of $314.86 and are now at $254.66, 35% 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%.

SmarTrend recommended that subscribers consider buying shares of Ulta Beauty Inc on March 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $215.52. Since that recommendation, shares of Ulta Beauty Inc have risen 16.9%. We continue to monitor ULTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ulta beauty inc

Ticker(s): ULTA