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Bullish Moving Average Cross by Public Storage (PSA)

By James Quinn

Today, shares of Public Storage (NYSE:PSA) have crossed bullishly above their 10-day moving average of $206.65 on a volume of 124K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Public Storage share prices have been bracketed by a low of $200.65 and a high of $260.83 and are now at $206.97, 3% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

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