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Look for Shares of Store Capital to Potentially Rebound after Yesterday's 2.91% Sell Off

By David Diaz

Store Capital (NYSE:STOR) traded in a range yesterday that spanned from a low of $32.41 to a high of $33.10. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $32.92 on volume of 832,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Store Capital have traded between a low of $24.04 and a high of $34.10 and are now at $32.41, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Store Capital and will alert subscribers who have STOR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders store capital

Ticker(s): STOR