Shares of Sovran Self Storage (NYSE:SSS) traded yesterday at $45.31, breaking its 52-week high. This new high was reached on below average trading volume as 118,000 shares traded hands, while the average 30-day volume is approximately 174,000 shares.
In the past 52 weeks, Sovran Self Storage share prices have been bracketed by a low of $33.37 and a high of $45.31 and are now at $44.63, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.
Sovran Self Storage (NYSE:SSS) is currently priced 1.6% above its average consensus analyst price target of $43.93. The stock should discover initial support at its 50-day moving average (MA) of $41.88 and subsequent support at its 200-day MA of $40.59.
Sovran Self Storage, Inc. acquires, develops and operates a chain of self storage facilities, operating under the Uncle Bob’s Self Storage trade name. The Company’s facilities offer storage space to customers on a monthly basis.
(via FNN Online)