TradersHuddle Scanner - High Volume For Ulta

Published on Wednesday, 01 September 2010 11:48 Written by Christopher Lynn

New York, September 1st (TradersHuddle.com) - Unusual high volume detected on shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA), early in the trading session. Ulta is currently trading lower by 3.66%, so definitely the sellers in control, as the stock's volume is on pace to break its average.

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) is a beauty retailer that sells cosmetics, fragrances, skin and hair care products, and accessories. The Company also offers hair salon services, manicures, pedicures, massages, and other beauty & spa treatments.

Ulta has already traded 0.972 times its 3-month average volume, and has calculated support and resistance at $22.20 and $23.98 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 2.71% from its previous trading close, which means that Ulta stock is underperforming the overall market.