Interesting basing action on this one. While $EXR is linked to interest rates to some extent. They also offer a product (storage) that could be in demand if the economy is picking up. We have a bit of a reverse head and shoulders on this one and also a flag on the right side. I was in this one recently with some calls between roughly $69 and $74 (where I got...
NYSE:EXR has broken above the channel, and successfully retested the channel line with a doji. It is time to go long on this with a target of $82 or $94.
Looking on the daily chart price has formed a strong marubozu candlestick. This shows strong selling pressure throughout the session. I believe we could see $68 where price may bounce and head back towards the 72 level. 68 coincides with the 50 MA. We can see the current range is basically a copy of the previous range which we broke out of last month (range of $4).