SUN 12/25: 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.

Charts courtesy of StockCharts.com

LATEST ANALYSIS 12/25: Trading was quiet again this past week as volume was well below the normal rate.

Shares continued to hold just above the 50-day moving average and just below previously made new highs.

With the recent successful test of the 50 DMA on 12/12, we now have that level as our 1st SUPPORT which is currently at $250.69.

Our 2nd SUPPORT has been moved to the 200-day moving average, currently at $236.51.

A close below there would be the final sell signal.

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