The Traderszone Network

Published in TZ Latest News 15 March, 2016 by The TZ Newswire Staff

Several REITs Score New Highs Despite Prospect Of Higher Rates

Sluggish February retail sales data brought sellers into the stock market early Tuesday, but an afternoon rally resulted in a close well off session lows. The market action didn’t do much, however, to expand the new-high list.

Public Storage (PSA) is one of many real estate investment trusts showing relative strength. Shares rose 3.80 to 263.51. It cleared a 258.09 buy point Monday from a somewhat deep flat base. It was still in buy range after Tuesday’s close.

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