Public Storage : The stock is getting oversold
Entry price | Target | Stop-loss | Potential |
---|
US$185.45 |
US$0 |
US$181 |
-100% |
---|
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.
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