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Watch for Extended Stay Am to Potentially Rebound After Falling 1.69% Yesterday

By James Quinn

Extended Stay Am (NYSE:STAY) traded in a range yesterday that spanned from a low of $14.26 to a high of $14.51. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $14.28 on volume of 398,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Extended Stay Am share prices have been bracketed by a low of $13.74 and a high of $19.73 and are now at $14.26, 4% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Extended Stay Am and will alert subscribers who have STAY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders extended stay am

Ticker(s): STAY