Sally Beauty (SBH) stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 66 to 79.
↑ XIBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they begin their biggest price moves. See if Sally Beauty stock can continue to rebound and clear that threshold.
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Sally Beauty stock broke out earlier, but is now trading approximately 5% below the prior 13.95 entry from a cup without handle. If a stock you're tracking breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also understand that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
The hair and beauty retailer showed 19% EPS growth in its most recent report, while sales growth came in at 1%.
Sally Beauty stock earns the No. 2 rank among its peers in the Retail-Specialty industry group. RB Global (RBA) is the top-ranked stock within the group.
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