SUN 12/04: 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 12/04: Shares experienced some expected volatility on Friday after the compnay reported fiscal third-quarter profit of $87.6 million and said it had a profit of $1.40 per share.

The results beat Wall Street expectations.

Friday’s low tagged the 50-day moving average of $245.92, then shares closes the week just above that important technical level.

Let’s keep in mind that there may be some continued volatility on Monday.

With this latest look at the company’s actual financials, we can see that those continue to be within our guidelines. However, some of the stock’s ranks are falling such as the Group Rank and the Accumulation/Distribution Rank.

We are going to keep our 1st SUPPORT at the 200-day moving average, currently at $229.71, and a close below there would be the final sell signal.

MORE HERE: Ulta Salon, Cosmetics & Fragrance Inc. Beats Expectations With Record Sales Growth