Extra Space Storage Inc. (EXR)

Purchase Info

Stock Price History

Stock Price Video

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Our View

Extra Space Storage is a REIT that invests in self-storage units. It owns or operates an area of 140 million square feet and is the second-largest owner of self storage units in the US. Extra Space Storage has seen its earnings grow 16X over the past decade as demand for self-storage has grown significantly. The company’s scale together with strong future demand for self-storage units is expected to drive long-term growth.
The long-term monthly chart for Extra Space Storage shows a clear and consistent uptrend that reached a peak in September 2019. Since then, the stock pulled back almost 40% over the next 7 months, briefly breaking the support level at $82 and also going below the bottom of the long term trend. Starting April 2020, the price has resumed its uptrend, rising by 21% and going above the long-term trend line as well. The likely price targets are now $116 and then $125. Stop loss can be placed at around $95 below the long-term trend line.

Positions taken today at entry point $112.37 with a stop loss 15.51% below at $95. Take profit  at $135 yielding a profit of 20%

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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