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Recent 52-Week Low Surpassed in Shares of Sally Beauty Hol (SBH)

By David Diaz

Shares of Sally Beauty Hol (NYSE:SBH) traded at a new 52-week low today of $11.92. This new low was reached on below average trading volume as 552,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

Sally Beauty Hol has overhead space with shares priced $12.39, or 22.8% below the average consensus analyst price target of $16.06. The stock should find initial resistance at its 50-day moving average (MA) of $16.19 and further resistance at its 200-day MA of $17.73.

Over the past year, Sally Beauty Holhas traded in a range of $11.92 to $23.61 and are now at $12.39. The 200-day and 50-day moving averages have moved 0.14% lower and 1.72% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Sally Beauty Hol on May 1st, 2019 by issuing a Downtrend alert when the shares were trading at $16.25. Since that call, shares of Sally Beauty Hol have fallen 24.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows sally beauty hol

Ticker(s): SBH