Over the past 4 months PSA has shed nearly 25% from its peak around $266. Moreover, during the same time period, the XLRE (Real Esate ETF of which PSA is a part of) gave back just 7% +/-. So, will the under performance continue? Or, will PSA rebound from current levels and offer a chance at some upside while delivering around a 4% dividend? If indeed the...
Low Weekly RSI & Low HV. W RSI <10 Looking for Reversal to Mean higher. Taking 240/230 Bull Put Spread. with 250 Calls for directional bias Higher. Nov or Dec Exp but aiming to Close in profit well before that... Good Luck - Watch your $$$ RISK ...Any questions just DM me...
I've been trying to rebuild my portfolio over the past week, and PSA is looking like a good REIT to seek alpha against this prevailing market headwind. REITs are good because landlords collect rent no matter what tariffs or any other market factors look like. Public Storage has a customer base with a fairly inelastic demand, and they have an excellent...
Probably not a name on most watchlists, but activity in the stock lately coupled with a upgrade today has put it on the buy list as the chart also points towards future gains.
This is a huge play. Know your numbers.
Very cyclical name and I think this name will thrive more this year. Here are the key reasons: 1. Existing home sales will be huge compared to new home sales 2. Short winter (no snow) 3. If sellers find a good buyer, they will sell even before finding a place to live. 4. Summer break for kids in school and many more. Technically: It is ready to break out of inv...
v1. Now we're in c of B. Then price should be over 216. v2. We finished B and now in 2 of C. Waiting for clear understanding of situation.
Thoughts: While the RR here is well defined something to consider is the follow through going forward due to complete retrace of the recent RSI breakout we just had. I Suspect this will limit the size of the next move to occur; however I have only limited data on the subject matter. Above the marked RSI level one might adopt the thesis that a new upward leg is...
It's at the bottom line of the converged triangle...... soon will the direction be shown.
PSA right at support from horizontal trendline and declining wedge. 10dma posing as resistance from past few days. RSI is oversold and is slowly turning up, the last time it was at these levels 24 we saw almost $20 - $40 move up. MACD is in the grave as well. Stop loss can be placed for a close below 217 for a nice R/R.