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Shares of Sally Beauty Hol Has Fallen Below Previous 52-Week Low

By James Quinn

Shares of Sally Beauty Hol (NYSE:SBH) traded today at $8.21, breaking its 52-week low. This new low was reached on below average trading volume as 177,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.

In the past 52 weeks, Sally Beauty Hol share prices have been bracketed by a current low of $8.21 and a high of $21.98 and are now at $8.72. The 200-day and 50-day moving averages have moved 0.64% lower and 3.46% lower over the past week, respectively.

Potential upside of 84.1% exists for Sally Beauty Hol, based on a current level of $8.72 and analysts' average consensus price target of $16.06. The stock should find initial resistance at its 50-day moving average (MA) of $13.78 and further resistance at its 200-day MA of $14.82.

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.

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: 52 week high/lows sally beauty hol

Ticker(s): SBH