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Sally Beauty Hol Crosses Above its 10-day MA (SBH)

By Nick Russo

Today, shares of Sally Beauty Hol (NYSE:SBH) have crossed bullishly above their 10-day moving average of $12.11 on a volume of 167K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Sally Beauty Hol share prices have moved between a 52-week high of $23.61 and a 52-week low of $11.46 and are now trading 7% above that low price at $12.27 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.9%.

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 26.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sally beauty hol

Ticker(s): SBH