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Sally Beauty Hol Falls 1.26% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Sally Beauty Hol (NYSE:SBH) traded in a range yesterday that spanned from a low of $19.49 to a high of $20.03. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $19.50 on volume of 320,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Sally Beauty Hol on September 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.16. Since that recommendation, shares of Sally Beauty Hol have risen 22.4%. We continue to monitor SBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Sally Beauty Hol has traded in a range of $13.72 to $23.61 and is now at $19.77, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

Keywords: rebounders sally beauty hol

Ticker(s): SBH