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SmarTrend Watching for Potential Rebound in Shares of Sally Beauty Hol After 2.15% Loss

By David Diaz

Sally Beauty Hol (NYSE:SBH) traded in a range yesterday that spanned from a low of $18.33 to a high of $19.19. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $19.59 on volume of 226,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $11.46 to $21.99 and is now at $19.10, 67% above that low. The 200-day and 50-day moving averages have moved 0.21% higher and 2.82% higher over the past week, respectively.

Keywords: rebounders sally beauty hol

Ticker(s): SBH