CubeSmart (CUBE) : Traders are bullish on CubeSmart (CUBE) as it has outperformed the S&P 500 by a wide margin of 1.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.91% in the last 1 week, and is up 1.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.8% and the 50-Day Moving Average is 3.98%.The 200 Day SMA reached 6.46%. CubeSmart has dropped 9.3% during the last 3-month period . Year-to-Date the stock performance stands at -6.81%.
CubeSmart (NYSE:CUBE): After opening at $28, the stock dipped to an intraday low of $27.93 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.61 and the buying power remained strong till the end. The stock closed at $28.16 for the day, a gain of 0.97% for the day session. The total traded volume was 1,405,417. The stocks close on the previous trading day was $27.89.
CubeSmart is a self-administered and self-managed real estate company focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States. The Companys self-storage facilities offer storage space for its residential and commercial customers with features, such as wide aisles and loadbearing capabilities for large truck access. As of December 31, 2014, the Company owned 421 self-storage facilities located in 22 states of the United States and in the District of Columbia containing an aggregate of approximately 28.6 million rentable square feet. As of December 31, 2014, the Company managed 174 facilities for third parties (including 35 facilities containing an aggregate of approximately 2.4 million rentable square feet as part of an unconsolidated real estate venture in which it owns a 50% interest).