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

By David Diaz

Public Storage (NYSE:PSA) crossed under its 10-day moving average of $207.41 on a volume of 114K 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.

Public Storage share prices have moved between a 52-week high of $260.83 and a 52-week low of $200.65 and are now trading 3% above that low price at $207.14 per share. 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 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