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

By James Quinn

Today, shares of Public Storage (NYSE:PSA) have crossed bearishly below their 10-day moving average of $253.68 on a volume of 117K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Public Storage share prices have been bracketed by a low of $182.08 and a high of $277.60 and are now at $253.56, 39% above that low price. Over the past week, 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