Shares for Sovran Self Storage gained 0.33 percent earlier this week, trading from $38.88 to $39.23. The shares are currently trading above their 50-day moving average (MA) of $38.04 and above their 200-day MA of $36.15.
SmarTrend has the shares in an Uptrend and expects the share price to pull back to the $39.07 support level, then upward with its peers designated in the SmarTrend real estate investment trust-industrial industry.
Sources:
- Zacks Investment Research: Watch for Sovran Self Storage to Potentially Pull Back After Gaining 0.33% Yesterday
