Public Storage (PSA) came across the Bearish MACD Crossover on the
predefined scans page. The chart below shows PSA gapping down and closing weak with high volume. MACD moved from positive territory to negative territory as it crossed back below its signal line.
Click this chart for details
Click this chart for details
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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