After Yesterday's Rally of 1.59% Shares Could Potentially Pullback
CubeSmart (NYSE:CUBE) traded in a range yesterday that spanned from a low of $30.25 to a high of $30.76. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $30.30 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
CubeSmart share prices have moved between a 52-week high of $33.52 and a 52-week low of $22.56 and are now trading 36% above that low price at $30.66 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.
SmarTrend is tracking the current trend status for CubeSmart and will alert subscribers who have CUBE in their portfolio or watchlist when shares have changed trend direction.
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