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Bearish Moving Average Cross by Store Capital (STOR)

By Shiri Gupta

Today, shares of Store Capital (NYSE:STOR) have crossed bearishly below their 10-day moving average of $37.70 on a volume of 182K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Store Capital has traded in a range of $27.35 to $38.76 and is now at $37.49, 37% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

SmarTrend is monitoring the recent change of momentum in Store Capital. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Store Capital in search of a potential trend change.

Keywords: moving crosses store capital

Ticker(s): STOR