Bullish Moving Average Cross by Ulta Salon Cosmetics & Fragrance (ULTA)

Published on Mon, 04/13/2015 - 11:07
By Adrienne Chilton in Moving average crossovers, ULTA, moving crosses, nasdaq:ulta, ulta salon cosmetics & fragrance

Today, shares of Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) have advanced above their 10-day MA of $151.78 on a volume of 234K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

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.

Potential upside of 6.9% exists for Ulta Salon Cosmetics & Fragrance, based on a current level of $152.70 and analysts' average consensus price target of $163.23. The stock should find initial support at its 50-day moving average (MA) of $143.15 and further support at its 200-day MA of $120.40.

Over the past year, Ulta Salon Cosmetics & Fragrance has traded in a range of $72.51 to $156.00 and is now at $152.70, 111% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 1.2%.

By Adrienne Chilton
achilton@fnno.com

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