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Cup Looks Full On Sally Beauty Holdings

Published 09/16/2014, 12:57 AM
Updated 05/14/2017, 06:45 AM

Sally Beauty Holdings, Sally Beauty Holdings Inc (NYSE:SBH), hit my radar this weekend as a stock that is setting up to make a move. The chart below shows the price action has traced out a Cup and Handle pattern, and it at the trigger point.

A move over 28.20 triggers a target of 32.40. That is a big move in itself. But the 2 peaks highlighted at the left of the chart suggest that there could be a series of Cup and Handles in the future that would target higher to 36. Maybe it is time top buy some make up!

SBH Daily

Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

 

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