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Extra Space Storage Crosses Above its 10-day MA (EXR)

By David Diaz

Today, shares of Extra Space Storage (NYSE:EXR) have advanced above their 10-day MA of $77.78 on a volume of 167K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Extra Space Storage has traded in a range of $64.78 to $94.81 and is now at $78.56, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Extra Space Storage on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $89.79. Since that call, shares of Extra Space Storage have fallen 13.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses extra space storage

Ticker(s): EXR