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Look for Shares of Ulta Beauty Inc to Potentially Rebound after Yesterday's 7.63% Sell Off

By David Diaz

Ulta Beauty Inc (NASDAQ:ULTA) traded in a range yesterday that spanned from a low of $141.27 to a high of $164.83. Yesterday, the shares fell 7.6%, which took the trading range below the 3-day low of $165.30 on volume of 970,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Ulta Beauty Inc have traded between the current low of $141.27 and a high of $368.83 and are now at $155.38. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 0.7%.

Keywords: rebounders ulta beauty inc

Ticker(s): ULTA