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Public Storage Bearish Moving Average Crossover Alert (PSA)

By David Diaz

Public Storage (NYSE:PSA) crossed under its 10-day moving average of $197.50 on a volume of 203K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Public Storage has traded in a range of $180.48 to $260.83 and is now at $197.07, 9% above that low. 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