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SmarTrend Watching for Potential Rebound in Shares of Ulta Beauty Inc After 3.70% Loss

By Shiri Gupta

Ulta Beauty Inc (NASDAQ:ULTA) traded in a range yesterday that spanned from a low of $220.46 to a high of $228.65. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $221.37 on volume of 461,000 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.

Over the past year, Ulta Beauty Inc has traded in a range of $124.05 to $368.83 and is now at $221.84, 79% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.1%.

Keywords: rebounders ulta beauty inc

Ticker(s): ULTA