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Recent 52-Week Low Surpassed in Shares of Public Storage (PSA)

By Nick Russo

Public Storage (NYSE:PSA) traded at a new 52-week low today of $165.22. This new low was reached on below average trading volume as 117,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Potential upside of 22.4% exists for Public Storage, based on a current level of $167.27 and analysts' average consensus price target of $204.77. The stock should find initial resistance at its 50-day moving average (MA) of $218.34 and further resistance at its 200-day MA of $231.81.

Public Storage is a real estate investment trust. The Trust's principal business activities include the acquisition, development, ownership, and operation of self-storage facilities in the United States. Public Storage also own an equity interest in an owner and operator of self-storage facilities in Europe.

Over the past year, Public Storagehas traded in a range of $165.22 to $266.76 and are now at $167.27. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.2%.

SmarTrend is monitoring the recent change of momentum in Public Storage. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Public Storage in search of a potential trend change.

Keywords: 52 week high/lows public storage

Ticker(s): PSA