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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By James Quinn

Public Storage (NYSE:PSA) traded in a range yesterday that spanned from a low of $213.42 to a high of $218.35. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $216.75 on volume of 396,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Public Storage share prices have been bracketed by a low of $180.48 and a high of $219.93 and are now at $217.18, 20% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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