Another cosmetic stock that we like has actually been one of the best growth stories of the past several years. ULTA Salon, Cosmetics, & Fragrance, Inc. was a $4 stock back at its low in 2009, but has since rallied considerably to now trade above $200. It’s not showing any signs of slowing down, either, and should find
support if it falls back down near $200 and then again between $185 and $190. Considering it’s about 18% above its 200-day moving average, it may be a little extended on the upside, but ULTA will have to fall quite a bit before the long-term trend is in danger
support if it falls back down near $200 and then again between $185 and $190. Considering it’s about 18% above its 200-day moving average, it may be a little extended on the upside, but ULTA will have to fall quite a bit before the long-term trend is in danger
