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Public Storage Rises 1.41% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Public Storage (NYSE:PSA) traded in a range yesterday that spanned from a low of $228.65 to a high of $229.89. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $229.29 on volume of 191,000 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, shares of Public Storage have traded between a low of $199.53 and a high of $266.76 and are now at $231.80, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-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