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Public Storage Set to Possibly Rebound After Yesterday's Selloff of 1.50%

By Nick Russo

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.

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.

Public Storage share prices have moved between a 52-week high of $260.83 and a 52-week low of $180.48 and are now trading 8% above that low price at $194.97 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

Keywords: rebounders public storage

Ticker(s): PSA