user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 442347 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

Ulta Salon Cosmetics & Fragrance Trading Lower on 8.2x Above-Average Volume (ULTA)

Published on Thu, 02/14/2013 - 14:09
By Robert Cotter

Ulta Salon Cosmetics & Fragrance shares are trading on heavy volume today, having fallen 11.3% to $88.25. Approximately 5.3 million shares have changed hands today vs. average 30-day volume of 651,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

In the past 52 weeks, Ulta Salon Cosmetics & Fragrance share prices have been bracketed by a low of $32.01 and a high of $103.52 and are now at $88.25, 176% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

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.

Ulta Salon Cosmetics & Fragrance has overhead space with shares priced $88.25, or 22.8% below the average consensus analyst price target of $114.25. The stock should find initial resistance at its 200-day moving average (MA) of $93.49 and further resistance at its 50-day MA of $97.54.

By Robert Cotter