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Store Capital Falls 1.16% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Store Capital (NYSE:STOR) traded in a range yesterday that spanned from a low of $38.36 to a high of $39.50. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $38.83 on volume of 1.2 million 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 $31.34 and a high of $40.96 and are now at $38.74, which is 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.2%.

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