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After Yesterday's Decline of 1.50%, Public Storage Offers Investors Better Value

By Amy Schwartz

Public Storage (NYSE:PSA) traded in a range yesterday that spanned from a low of $194.41 to a high of $198.48. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $196.76 on volume of 613,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Public Storage has traded in a range of $180.48 to $260.83 and is now at $194.97, 8% above that low. 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: rebounders public storage

Ticker(s): PSA