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Shares of Store Capital Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Store Capital (NYSE:STOR) traded today at $37.03, breaking its 52-week high. So far today approximately 162,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

Store Capital (NYSE:STOR) defies analysts with a current price ($37.03) 25.3% above its average consensus price target of $27.67. Store Capital shares have support at the 50-day moving average (MA) of $34.75 and additional support at the 200-day MA of $32.49.

In the past 52 weeks, Store Capital share prices have been bracketed by a low of $26.93 and a high of $37.03 and are now at $37.03, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,389 property locations, substantially all of which are profit centers, in all 50 states.

SmarTrend recommended that subscribers consider buying shares of Store Capital on August 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.93. Since that recommendation, shares of Store Capital have risen 5.7%. We continue to monitor STOR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows store capital

Ticker(s): STOR