Public Storage Breaks Above 200-Day Moving Average - Bullish for PSA

In trading on Friday, shares of Public Storage (PSA) crossed above their 200 day moving average of $158.28, changing hands as high as $158.73 per share. Public Storage shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of PSA shares, versus its 200 day moving average:

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Public Storage 200 Day Moving Average Chart

Looking at the chart above, PSA's low point in its 52 week range is $145.04 per share, with $176.68 as the 52 week high point — that compares with a last trade of $157.78.

According to the ETF Finder at ETF Channel, PSA makes up 10.69% of the iShares Residential Real Estate Capped ETF ( REZ) which is trading higher by about 0.7% on the day Friday.

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