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Bearish Moving Average Cross by Public Storage (PSA)

By James Quinn

Today, shares of Public Storage (NYSE:PSA) have fallen below their 10-day MA of $213.50 on a volume of 169K shares. This may provide short-term investors a chance 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 $212.25, 17% 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 is tracking the current trend status for Public Storage and will alert subscribers who have PSA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses public storage

Ticker(s): PSA