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Sally Beauty Holdings Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Sally Beauty Holdings (NYSE:SBH) traded at a new 52-week low today of $18.04. So far today approximately 214,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Sally Beauty Holdings (NYSE:SBH) has potential upside of 33.8% based on a current price of $18.09 and analysts' consensus price target of $24.20. Sally Beauty Holdings shares should first meet resistance at the 200-day moving average (MA) of $27.66 and find additional resistance at the 50-day MA of $31.49.

Sally Beauty Holdings, Inc. distributes and retails beauty products. The Company distributes products directly to salons, and retails beauty products through a chain of cash and carry stores.

Sally Beauty Holdings share prices have moved between a 52-week high of $32.93 and the current low of $18.04 and are currently at $18.09 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 0.07% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Sally Beauty Holdings on January 23rd, 2017 by issuing a Downtrend alert when the shares were trading at $25.22. Since that call, shares of Sally Beauty Holdings have fallen 27.7%. 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 holdings

Ticker(s): SBH