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Sally Beauty Hol Set to Possibly Pullback After Yesterday's Rally of 1.16%

By Shiri Gupta

Sally Beauty Hol (NYSE:SBH) traded in a range yesterday that spanned from a low of $16.27 to a high of $16.71. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $16.41 on volume of 629,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Sally Beauty Hol has traded in a range of $14.05 to $21.36 and is now at $16.55, 18% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.5%.

Keywords: rebounders sally beauty hol

Ticker(s): SBH