Shares of Sovran Self Storage (NYSE:SSS) traded today at $71.55, breaking its 52-week high. So far today approximately 71,000 shares have been exchanged, as compared to an average 30-day volume of 173,000 shares.
Sovran Self Storage (NYSE:SSS) is currently priced 2.1% above its average consensus analyst price target of $69.67. The stock should discover initial support at its 50-day moving average (MA) of $65.88 and subsequent support at its 200-day MA of $61.78.
Over the past year, Sovran Self Storage has traded in a range of $46.93 to $71.55 and is now at $71.19, 52% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.
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.