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

By David Diaz

Public Storage (NYSE:PSA) shares have crossed bullishly above their 10-day moving average of $248.48 on a volume of 188K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Public Storage have traded between a low of $193.89 and a high of $251.28 and are now at $248.86, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

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