ULTA pushes through 200-day moving average


Ulta Salon Cosmetics & Fragrance Inc (ULTA) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
ULTA rallies 3.19% closing $7.05 higher
ULTA closes above its opening price after recovering from early selling pressure
ULTA pushes through 200-day moving average
ULTA closes higher for the 3rd day in a row
ULTA pushes through previous session high
TQ Sentiment
Report Sentiment: 57% Bullish
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, ULTA ended Monday at 227.93 surging $7.05 (3.19%). This is the biggest single day gain in over four days. Today's closing price of 227.93 marks the highest close since January 29th. Trading up to $2.33 lower after the open, Ulta Salon managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Friday's high at 223.14, the market confirms its breakout through the prior session's high having traded $7.45 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for ULTA
Volatility

Monday's trading range was $6.24 (2.75%), that's slightly above last trading month's daily average range of $5.79. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The share managed to break above the 200-day moving average at 223.05 today for the first time since March 11, 2016.

Conclusion

While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Ulta Salon Cosmetics & Fragrance Inc
ConditionForecastDirectionWinAvgWorstBestEvents
Close near low of period TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
High close to previous High TQ Pro Members Only
Down Close Near Low of Period TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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