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Ulta Beauty Inc Set to Possibly Pullback After Yesterday's Rally of 1.30%

By Shiri Gupta

Ulta Beauty Inc (NASDAQ:ULTA) traded in a range yesterday that spanned from a low of $207.60 to a high of $213.30. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $208.75 on volume of 756,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ulta Beauty Inc share prices have moved between a 52-week high of $314.86 and a 52-week low of $187.96 and are now trading 12% above that low price at $210.09 per share. The 200-day and 50-day moving averages have moved 0.48% higher and 2.24% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ulta Beauty Inc on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $219.77. Since that call, shares of Ulta Beauty Inc have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ulta beauty inc

Ticker(s): ULTA