Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) crossed under its 10-day moving average of $89.75 on a volume of 223K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Ulta Salon Cosmetics & Fragrance share prices have been bracketed by a low of $32.01 and a high of $96.65 and are now at $89.06, 178% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.
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 12.7% exists for Ulta Salon Cosmetics & Fragrance, based on a current level of $89.06 and analysts' average consensus price target of $100.33. The stock should hit resistance at its 50-day moving average (MA) of $90.60, as well as support at its 200-day MA of $73.62.
