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Store Capital Falls 4.08% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Store Capital (NYSE:STOR) traded in a range yesterday that spanned from a low of $19.09 to a high of $20.27. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $19.45 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Store Capital share prices have moved between a 52-week high of $40.96 and a 52-week low of $13.00 and are now trading 48% above that low price at $19.18 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 4%.

Keywords: rebounders store capital

Ticker(s): STOR