Market Overview

Shares of U-Store-It Trust are Moving Higher on 1.2x Above-Average Volume (YSI)

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(via COMTEX News Network)--

Shares of U-Store-It Trust (NYSE: YSI) are trading up 2.6% to $10.56 today on above average volume. Approximately 921,000 shares have traded hands today vs. average 30-day volume of 776,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of YSI to see if this bullish momentum will continue.

SmarTrend currently has shares of U-Store-It Trust in an Uptrend and issued the Uptrend alert on June 15, 2010 at $8.52. The stock has risen 20.8% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.64% while the 200-day MA has risen 0.58%.

In the past 52 weeks, shares of U-Store-It Trust have traded between a low of $6.77 and a high of $10.60 and are now at $10.58, which is 56% above that low price.

Write to Chip Brian at cbrian@tradethetrend.com

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