Sally Beauty Holdings Inc

SBH remains in a Stage 2 advancing regime with a bullish Momentum Breakout confirming demand. Medium- and short-term biases align bullish, supported by price tightly tracking above rising EMAs. Entry on shallow pullbacks into the 9EMA/20EMA zone offers continuation participation, though overbought context and low Stage 2→3 transition risk suggest distribution pressure ahead. A decisive break below these EMAs would invalidate the current bullish posture.

• ↑E-commerce growth of 34% YoY now represents 8% of total sales.
• ↑Color segment sales rose 8% YoY, driving core margin expansion.
• ↓Negative growth and weak profitability factors pressure margins.