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

By David Diaz

Today, shares of Extra Space Storage (NYSE:EXR) have crossed bearishly below their 10-day moving average of $81.16 on a volume of 149K 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, shares of Extra Space Storage have traded between a low of $64.78 and a high of $94.81 and are now at $80.68, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.46% higher and 0.38% higher over the past week, respectively.

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 8.8%. 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