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Downtrend Call Working As Spirit Realty Stock Falls 33.1% (SRC)

By Amy Schwartz

SmarTrend identified a Downtrend for Spirit Realty (NYSE:SRC) on October 6th, 2016 at $12.28. In approximately 25 months, Spirit Realty has returned 33.06% as of today's recent price of $8.22.

In the past 52 weeks, Spirit Realty share prices have been bracketed by a low of $7.34 and a high of $8.84 and are now at $8.22, 12% 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%.

Spirit Realty Capital, Inc. operates as a real estate investment trust. The Trust invests in single-tenant and triple-net basis real estate properties engaged in retail, service, and distribution industries. Spirit Realty Capital serves customers in the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Spirit Realty.

Log in and add Spirit Realty (SRC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights spirit realty

Ticker(s): SRC