Storage REIT Builds Bullish Cup with Handle Breakout Pattern
Public Storage (PSA) shares of the storage REIT are sporting a bullish cup and handle pattern formed since the start of the year and now REIT stocks back in focus with their higher dividend yields attractive as treasury yields fall. PSA closed above monthly value area which is at 308 so any dips back to the zone can be bought for a move up towards 328-330 where a longer term VPOC target is above. A close below 300 would invalidate the bull setup.