Today, shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) have advanced above their 10-day MA of $98.00 on a volume of 207K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
There is potential upside of 15.4% for shares of Ulta Salon Cosmetics & Fragrance based on a current price of $98.30 and an average consensus analyst price target of $113.43. The stock should find initial support at its 50-day moving average (MA) of $96.60 and further support at its 200-day MA of $93.23.
Ulta Salon, Cosmetics & Fragrance, Inc. sells cosmetics, fragrances, skin and hair care products, appliances, and accessories. The Company also offers hair salon services, manicures, pedicures, massages, and other beauty & spa treatments.
Over the past year, Ulta Salon Cosmetics & Fragrance has traded in a range of $32.01 to $103.52 and is now at $98.30, 207% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.