Shares of Sovran Self Storage (NYSE:SSS) traded at a new 52-week high today of $69.89. Approximately 69,000 shares have changed hands today, as compared to an average 30-day volume of 203,000 shares.
Sovran Self Storage (NYSE:SSS) defies analysts with a current price ($69.36) 5.5% above its average consensus price target of $65.57. The stock should find initial support at its 50-day moving average (MA) of $63.77 and further support at its 200-day MA of $60.85.
In the past 52 weeks, shares of Sovran Self Storage have traded between a low of $46.93 and a high of $69.89 and are now at $69.36, which is 48% above that low price. The 200-day and 50-day moving averages have moved 0.47% higher and 0.52% higher over the past week, respectively.
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.