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

By David Diaz

Today, shares of Sally Beauty Holdings (NYSE:SBH) have advanced above their 10-day MA of $26.74 on a volume of 2.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Sally Beauty Holdings has traded in a range of $21.94 to $32.93 and is now at $28.03, 28% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Sally Beauty Holdings on August 4th, 2016 by issuing a Downtrend alert when the shares were trading at $27.43. Since that call, shares of Sally Beauty Holdings have fallen 3.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sally beauty holdings

Ticker(s): SBH