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Barchart.coms Chart of the Day - Ulta Salon (ULTA)

Barchart Research Team - BC - Wed Jun 20, 4:51PM CDT

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ULTA - Ulta Salon Cosmetics & Fragrance

The "Chart of the Day" is Ulta Salon (ULTA), which showed up on Wednesday's Barchart "All-Time High" list. Ulta on Wednesday posted a new all-time high of $98.42 and closed up 0.97%. TrendSpotter has been long since June 12 at $94.26. In recent news on the stock, Ulta on June 5 reported Q1 EPS of 54 cents versus the consensus of 53 cents. The company opened 18 new stores in Q1 and reported same-store sales growth in Q1 of +10.1%. RW Baird on June 6 reiterated its Outperform rating and raised its target to $110 from $105 on strong Q1 results, along with new products and enhanced marketing. Ulta, with a market cap of $6 billion, is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States.

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How we found the Chart of the Day:

We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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