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Shares of Extra Space Storage Rise to a New 52-Week High

By Shiri Gupta

Shares of Extra Space Storage (NYSE:EXR) traded at a new 52-week high today of $94.81. Approximately 71,000 shares have changed hands today, as compared to an average 30-day volume of 882,000 shares.

Extra Space Storage share prices have moved between a 52-week high of $94.81 and a 52-week low of $64.78 and are now trading 45% above that low price at $93.73 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 advanced 0.4%.

Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust. The Company owns, operates, acquires, develops, and redevelops professionally managed self-storage properties.

Extra Space Storage (NYSE:EXR) defies analysts with a current price ($93.73) 9.9% above its average consensus price target of $84.42. The stock should discover initial support at its 50-day moving average (MA) of $88.52 and subsequent support at its 200-day MA of $82.59.

SmarTrend recommended that subscribers consider buying shares of Extra Space Storage on May 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.04. Since that recommendation, shares of Extra Space Storage have risen 3.7%. We continue to monitor EXR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows extra space storage

Ticker(s): EXR