After reaching new highs in 2018, a major bearish divergence has formed on both the MACD and RSI. This can be seen by a much lower reading on the indicator, yet a higher high made by the price. Also, an ascending wedge has formed, which will likely lead to major downside upon crack of the lower support trend line.
Last week, EXR held a very nice support at $90.00. For a day or two, I am expecting a minor retracement back to $93.00 and then back to $100. The relative strength indicator is back above 50 and is showing a gain in strength/momentum to the upside. I am experimenting with a vertical spread by buying the 95 call and selling the 100 call expiration in December. I am...
Short @ 95.03
Market Cap - 12.53B
Beta - 0.40
Price/Book - 5.12
Forward P/E - 31.59
- Since the beginning of the year, shares of EXR have continued to outperform the industry.
- Despite 1Q18
- Lots of the company's markets are witnessing an increasing supply of new self-storage space which is due to fuel competition - meaning EXR won't be able to raise rent...
EXR with in my opinion a B grade triangle and no volume on the breakout. May continue higher but would definitely need to see more volume come in. If not could be a fake breakout and return lower.
Establishing a long position in EXR as my first Option trade of 2018 for the Veritas Fund. Ideally as the stock moves up over the life of the trade I'll be able to sell shorter duration Calls against it to maintain positive theta.
Interesting basing action on this one.
While $EXR is linked to interest rates to some extent. They also offer a product (storage) that could be in demand if the economy is picking up.
We have a bit of a reverse head and shoulders on this one and also a flag on the right side.
I was in this one recently with some calls between roughly $69 and $74 (where I got...
NYSE:EXR has broken above the channel, and successfully retested the channel line with a doji. It is time to go long on this with a target of $82 or $94.
Looking on the daily chart price has formed a strong marubozu candlestick. This shows strong selling pressure throughout the session.
I believe we could see $68 where price may bounce and head back towards the 72 level. 68 coincides with the 50 MA.
We can see the current range is basically a copy of the previous range which we broke out of last month (range of $4).
Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company's rental operations activities include rental operations of stores in which it has an ownership interest. The Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company's property management, acquisition and development activities include managing, acquiring, developing and selling stores. The Company's interest in its stores is held through its operating partnership, Extra Space Storage LP (the Operating Partnership). Its primary assets are general partner and limited partner interests in the Operating Partnership.
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EXR
