Bearish Moving Average Cross by Public Storage (PSA)
Today, shares of Public Storage (NYSE:PSA) have crossed bearishly below their 10-day moving average of $225.01 on a volume of 207K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Public Storage share prices have been bracketed by a low of $182.08 and a high of $277.60 and are now at $223.54, 23% above that low price. The 200-day and 50-day moving averages have moved 0.48% higher and 0.11% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Public Storage on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $247.96. Since that call, shares of Public Storage have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses public storage