Ulta Salon, Cosmetics & Fragrance, Inc. operates as a specialty retailer in the United States.
It was most recently added to the High Ranked Leaders Watch List on June 7th as the stock was building a tight flat base.
Since late April, shares had continued to trade near their 50 day moving average while also being at new all-time highs.
As I have repeatedly mentioned, I consider this technically ideal as there is firm support (50 DMA) just below the current share price, while there is also not any resistance in the way of further possible gains.
As that time there were 11 analysts which rated ULTA as a buy, another 5 a strong buy, no analysts rated it a sell, and 4 rated it a hold.
The stock continues to have very high ranks overall and is a leader, as it is ranked #1 in its group.
There are only 64 million shares outstanding. Keep in mind that stocks with a smaller number of shares can more easily move higher with less buying.