Extra Space Storage Inc. : The USD 41.1 as line of sight
January 02, 2013 at 09:47 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
$36.39 |
$0 |
$33.5 |
-100% |
---|
The company’s fundamentals are still strong. Sales are up 20% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at USD 0.54.
Technical patterns are in the green: prices are up for several months and a breakout of the upper band of the ascending wedge could happens in the next trading sessions.
In consequence, the most active investors can take a buy position in Extra Space Storage at the current price to target the USD 41.1 long term resistance. A stop loss will be fixed under the short term support at USD 35.5.
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