SUN 11/13: ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA – Nasdaq) – PORTFOLIO UPDATE

PROFILE: ULTA Salon, Cosmetics & Fragrance, Inc. is the largest beauty retailer in the United States. It operates specialty retail stores, which offer an assortment of branded and private label beauty products.

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Charts courtesy of StockCharts.com

LATEST ANALYSIS 11/13: Shares moved +11% higher and up from near support of the 200-day moving average this past week.

The gains however lacked serious volume conviction as the broader market rallied. The stock does remain under resistance of the 50-day moving average.

Our support is at the 200-day moving average, currently at $223.19, and a close below there would be a sell signal.