Cup Looks Full On Sally Beauty Holdings

 | Sep 16, 2014 12:57AM ET

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!