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Bullish Moving Average Cross by Public Storage (PSA)

By Shiri Gupta

Today, shares of Public Storage (NYSE:PSA) have advanced above their 10-day MA of $227.02 on a volume of 119K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Public Storage have traded between a low of $182.08 and a high of $277.60 and are now at $227.46, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.

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 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses public storage

Ticker(s): PSA