Upgrade Alert for Ulta Salon Cosmetics & Fragrance (ULTA)

Nov 30, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) was upgraded from Market Perform to Outperform at Wells Fargo today. The stock closed yesterday at $93.15 on volume of 1.6 million shares, above average daily volume of 710,000. Over the past year, Ulta Salon Cosmetics & Fragrance has traded in a range of $32.01 to $103.52 and closed yesterday at $93.15, 191% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) has potential upside of 20.4% based on a current price of $93.15 and analysts' consensus price target of $112.17. The stock should hit resistance at its 50-day moving average (MA) of $96.10, as well as support at its 200-day MA of $90.46.

Ulta Salon, Cosmetics & Fragrance, Inc. sells cosmetics, fragrances, skin and hair care products, appliances, and accessories. The Company also offers hair salon services, manicures, pedicures, massages, and other beauty & spa treatments.

SmarTrend is tracking the current trend status for Ulta Salon Cosmetics & Fragrance and will alert subscribers who have ULTA in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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