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Extended Stay Am Rises 2.65% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Extended Stay Am (NYSE:STAY) traded in a range yesterday that spanned from a low of $19.20 to a high of $19.88. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $19.68 on volume of 910,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Extended Stay Am on April 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.21. Since that recommendation, shares of Extended Stay Am have risen 11.9%. We continue to monitor STAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Extended Stay Am have traded between a low of $13.00 and a high of $19.98 and are now at $19.66, which is 51% above that low price. The 200-day and 50-day moving averages have moved 0.42% lower and 1.13% higher over the past week, respectively.

Keywords: rebounders extended stay am

Ticker(s): STAY