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

By Shiri Gupta

Today, shares of Sally Beauty Hol (NYSE:SBH) have crossed bearishly below their 10-day moving average of $15.84 on a volume of 1.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Sally Beauty Hol share prices have moved between a 52-week high of $21.36 and a 52-week low of $14.05 and are now trading 9% above that low price at $15.31 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.5%.

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