Don't Ignore This Chart!

A MACD cross for PSA

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.

100205psa Click this chart for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at 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. Learn More
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