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Public Storage Crosses Above its 10-day MA (PSA)

By James Quinn

Today, shares of Public Storage (NYSE:PSA) have advanced above their 10-day MA of $222.61 on a volume of 507K 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, Public Storage has traded in a range of $182.08 to $277.60 and is now at $223.64, 23% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Public Storage. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Public Storage in search of a potential trend change.

Keywords: moving crosses public storage

Ticker(s): PSA