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Bearish Moving Average Cross by Sally Beauty Hol (SBH)

By Amy Schwartz

Today, shares of Sally Beauty Hol (NYSE:SBH) have fallen below their 10-day MA of $16.24 on a volume of 119K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Sally Beauty Hol have traded between a low of $11.46 and a high of $23.61 and are now at $15.93, which is 39% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 1.57% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Sally Beauty Hol and will alert subscribers who have SBH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sally beauty hol

Ticker(s): SBH