The Barchart Chart of the Day belongs to the self-storage REIT Extra Space Storage (EXR). I found the stock by sorting Barchart New All-Time High list forst by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 7/9 the stock gained 10.01%.'
Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust. The Company owned and/or operated self-storage properties, which comprise many units and many million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- 38.09+ Weighted Alpha
- 27.72% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 21 new highs and up 11.84% in the last month
- Relative Strength Index 78.04%
- Technical support level at 120.22
- Recently traded at 121.49 with a 50 day moving average of 111.40
- Market Cap $15.50 billion
- P/E 25.17
- Dividend yield 2.98
- Revenue expected to grow 12.40% this year and another 7.50% next year
- Earnings estimated to increase 5.30% next year and continue to compound at an annual rate of 6.00% for the next 5 years
- Wall Street analysts issued 2 strong buy, 2 buy, 11 hold and 1 under perform recommendation on the stock
- The individual investors following the stock on Seeking Alpha voted 96 to 16 that the stock will beat the market
- 7,535 investors are monitoring the stock on Seeking Alpha
Disclosure: I am/we are long EXR.