Tuesday, February 5, 2013

Public Storage - PSA - buy signals

Public Storage (PSA) appears today on Barchart's list of stocks hitting new highs this month.  The stock has been up in 17 of the last 20 trading sessions and has a solid balance sheet with little debt.  This storage facility market leader deserves a look.

Public Storage (PSA) popped up today on Barchart's New High List of stocks trading over 100K shares a day.  PSA is the country's largest owner operators of public storage facilities with over 2,000 locations and 130 million square feet of rental storage space. The balance sheet is solid and the company has an A+ financial strength rating. Unlike leveraged REITs this one has 25 times interest coverage making it a very stable cash cow.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 7.31% in the last month
  • Relative Strength Index 81.90%
  • Barchart computes  a technical support level at 153.91
  • Recently traded at 157.04 with a 50 day moving average of 146.27
Fundamental factors:
  • Market Cap: $26.95 billion
  • P/E 25.04
  • Dividend yield - 2.83%
  • Analysts released 5 strong buy, 10 hold, 1 sell and 1 strong sell recommendations to their clients
  • They project revenue will increase by 7.80% this year and another 4.80% next year
  • Earnings are estimated to increase by 9.80% this year, an additional 13.50% next year and continue to increase annually by 4.68% for the next 5 years
  • Financial strength taring A+
Sell strategy: Sell if the stock drops 10% from your entry point or begins to drop below its 50 day moving average

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