Public Storage (PSA) NewsBite - PSA Downgraded By Argus
Posted: Monday, January 04, 2010 1:57 PM EDT
By: Market Intelligence Center Staff
Public Storage (PSA) was downgraded today by analysts at Argus and the stock is now at $80.42, down $1.03 (-1.26%) on volume of 734,244 shares traded. The analysts cut the stock to Hold from Buy. Over the last 52 weeks the stock has ranged from a low of $45.35 to a high of $85.10. Public Storage stock has been showing support around $79.65 and resistance in the $84.91 range. Technical indicators for the stock are neutral and S&P gives PSA a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PSA the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 90 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Public Storage (PSA) Stock ReportSee what our analysts have uncovered about Public Storage (PSA).