In the past few sessions, Public Storage's share sharply fell but the stock is presently coming back to a significant support level.

Fundamentally, the firm enjoys an excellent Surperformance investors rating which underlines its profitability and its solid finances. The present share quote displays a +9.8% potential to reach the consensus average target price. Moreover, the stock offers a good yield, over 3%.

The security keeps an upward trend in the long term but has a neutral tendency in the mid-term. Nevertheless a recent decline brought back the stock near the lower limit of its consolidation range. This area gathers supports in daily and in weekly data and could thus act as a stepping stone for a forthcoming acceleration.
Consequently, investors may open a long position at current prices and target a reversal toward the USD 196 resistance. A stop loss order should be triggered at USD 181.