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After Yesterday's Decline of 1.68%, Sally Beauty Hol Offers Investors Better Value

By Nick Russo

Sally Beauty Hol (NYSE:SBH) traded in a range yesterday that spanned from a low of $18.27 to a high of $18.61. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $18.28 on volume of 236,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Sally Beauty Hol has traded in a range of $11.46 to $21.98 and is now at $18.46, 61% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.7%.

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: rebounders sally beauty hol

Ticker(s): SBH