Sally Beauty Holdings, Inc., through its subsidiaries, engages in the
distribution and retail of professional beauty supplies primarily in
North America, South America, and Europe. The company operates in two
segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty
Supply segment operates a chain of cash and carry retail stores that
provide various professional beauty supplies, including hair color
products, hair care products, hair dryers and hair styling appliances,
skin and nail care products, and other beauty items to salon
professionals and retail customers. This segment sells various
third-party brands, such as Clairol, Revlon, and Conair, as well as a
selection of exclusive-label merchandise. The Beauty Systems Group
segment distributes professional brands of beauty products directly to
salons and salon professionals through its sales force, as well as
through company-operated and franchised stores. This segment operates
stores under the CosmoProf service mark. It sells a range of third-party
brands, such as Paul Mitchell, Wella, Sebastian, Goldwell, Joico, and
Aquage.
To review Tyson's stock, please take a look at the 1-year chart of
SBH (Sally Beauty Holdings, Inc.) below with my added notations:
SBH has formed a key level of support around 25.50 (blue) over the
last (3) months. In addition, the stock has created a down trending
resistance starting from the middle of August (red). These two
occurrences combined have SBH stuck trading within a common chart
pattern known as a descending triangle. At some point, the stock has to
break support or break its string of lower highs.
The Tale of the Tape: SBH has formed a descending
triangle pattern. A short trade could be made on a break of the 25.25-50
support area. A breakthrough 26.50 would break the down trending
resistance and would set up a potential long trade.
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