The Buy Signal on STOR is a high risk one given the dominant bearish environment of the broader market. A success here may pave the way for other top quality growth stocks to breakout.
Technical base looks as good as they get. Tough lower volume on Friday’s breakout is less than desirable.
Stellar earnings and sales growth for this REIT that owns nearly 950 properties across the U.S.
Last Sept. it was quarterly EPS growth was reportedly at 80%, with the three prior at 113%, 88% and 117%. Sales for the last four quarter were up 47%, 53%, 56% and 65%.
The stock had its IPO in Dec. of 2014, so there’s newness here.