The Cup Looks Full on Sally Beauty Holdings

• Posted by Greg Harmon
• on September 15th, 2014

Sally Beauty Holdings, $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!

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