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

By Shiri Gupta

Today, shares of Public Storage (NYSE:PSA) have crossed bullishly above their 10-day moving average of $214.78 on a volume of 255K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Public Storage share prices have been bracketed by a low of $180.48 and a high of $219.93 and are now at $216.29, 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

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