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Watch for Istar Inc to Potentially Pullback After Gaining 1.10% Yesterday

By Shiri Gupta

Istar Inc (NYSE:STAR) traded in a range yesterday that spanned from a low of $15.36 to a high of $15.69. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $15.56 on volume of 167,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Istar Inc share prices have been bracketed by a low of $7.84 and a high of $15.69 and are now at $15.58, 99% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.1%.

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

Keywords: rebounders istar inc

Ticker(s): STAR