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After Yesterday's Decline of 2.28%, Extra Space Stor Offers Investors Better Value

By James Quinn

Extra Space Stor (NYSE:EXR) traded in a range yesterday that spanned from a low of $85.82 to a high of $87.47. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $86.63 on volume of 335,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Extra Space Stor on February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.70. Since that recommendation, shares of Extra Space Stor have risen 5.0%. We continue to monitor EXR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Extra Space Stor share prices have been bracketed by a low of $68.09 and a high of $94.49 and are now at $86.03, 26% 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 advanced 0.4%.

Keywords: rebounders extra space stor

Ticker(s): EXR