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After Yesterday's Decline of 1.30%, Store Capital Offers Investors Better Value

By Nick Russo

Store Capital (NYSE:STOR) traded in a range yesterday that spanned from a low of $23.54 to a high of $23.83. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $23.59 on volume of 605,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Store Capital on June 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.68. Since that recommendation, shares of Store Capital have risen 5.2%. We continue to monitor STOR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Store Capital has traded in a range of $19.65 to $31.44 and is now at $23.58, 20% above that low. The 200-day and 50-day moving averages have moved 0.46% higher and 0.36% higher over the past week, respectively.

Keywords: rebounders store capital

Ticker(s): STOR