Technical Snapshot on REITs Stocks -- Research on AvalonBay Communities, CubeSmart, Extra Space Storage, and Public Storage
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LONDON, April 15, 2014 /PRNewswire/ --
On Monday, April 14, 2014, the NASDAQ Composite ended at 4,022.69, up 0.57%, the Dow Jones Industrial Average advanced 0.91% to 16,173.24, and the S&P 500 closed at 1,830.61, up 0.82%. The gains were broad based as all the 10 sectors ended the session in positive. The S&P 500 Financials Sector Index finished the day at 289.10, up 0.79%, while the same has declined 1.43% in the last one month. Investor-Edge has initiated coverage on the following equities: AvalonBay Communities Inc. (NYSE: AVB), CubeSmart (NYSE: CUBE), Extra Space Storage Inc. (NYSE: EXR) and Public Storage (NYSE: PSA). Free technical research on AVB, CUBE, EXR and PSA can be downloaded upon signing up at:
http://www.investor-edge.com/1247-register
Shares in AvalonBay Communities Inc. advanced 0.76% on Monday, closing the day at $133.25. A total of 0.58 million shares were traded as compared with its three months average volume of 0.96 million shares. The company's shares oscillated between $132.25 and $133.67 during the trading session. AvalonBay Communities Inc.'s shares have gained 2.70% in the last one month, 9.46% in the previous three months, and 12.70% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. AvalonBay Communities Inc.'s 50-day moving average of $129.38 is above its 200-day moving average of $127.40. Furthermore, the company's stock is trading at a PE ratio of 52.41 and has a Relative Strength Index (RSI) of 58.24. Sign up today to read free research on AVB at:
http://www.investor-edge.com/1247-AVB-15Apr2014.pdf
CubeSmart's stock witnessed a trading volume of 1.77 million shares on Monday, which is above its three months average volume of 1.37 million shares. The stock ended the day at $18.02, up 1.29%, after trading between $17.64 and $18.05. CubeSmart's shares have advanced 3.86% in the past one month, 11.72% in the previous three months, and 13.05% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. CubeSmart's 50-day moving average of $17.23 is above its 200-day moving average of $17.01. Additionally, shares of the company are trading at a PE ratio of 299.20 and have an RSI of 60.93. Sign up today to read free research on CUBE at:
http://www.investor-edge.com/1247-CUBE-15Apr2014.pdf
On Monday, shares in Extra Space Storage Inc. gained 1.78% finishing the session at $48.52. The stock recorded a trading volume of 0.76 million shares which is below its three months average volume of 0.82 million shares. The company's shares fluctuated between $47.77 and $48.56 during the trading session. Extra Space Storage Inc.'s shares have gone down by 1.50% in the last one month, while the same has surged 10.35% in the previous three months and 15.17% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Extra Space Storage Inc.'s 50-day moving average of $47.83 is above its 200-day moving average of $44.70. Moreover, shares of the company are trading at a PE ratio of 30.33 and have an RSI of 45.73. Sign up today to read free research on EXR at:
http://www.investor-edge.com/1247-EXR-15Apr2014.pdf
Shares in Public Storage recorded a trading volume of 0.69 million shares on Monday, as compared with its three month average volume of 0.73 million shares. The stock ended the session at $169.48, up 0.59% after vacillating between $168.21 and $169.71. Shares in Public Storage have advanced 0.78% in the last one month, 8.83% in the previous three months, and 12.60% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. Public Storage's 50-day moving average of $166.65 is above its 200-day moving average of $160.38. Further, the company's shares are trading at a PE ratio of 34.66 and have an RSI of 50.90. Sign up today to read free research on PSA at:
http://www.investor-edge.com/1247-PSA-15Apr2014.pdf
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