May 07, 2013 (Market movers via COMTEX) -- PS Business Parks (AMEX:PSB) is one of today's biggest movers, up 1.8% to $83.30. The S&P is currently trading 0.3% higher to 1,623 and the Dow Jones Industrial Average is trading 0.4% higher to 15,027.
PS Business Parks (AMEX:PSB) is currently priced 25.6% above its average consensus analyst price target of $62.00. PS Business Parks shares have support at the 50-day moving average (MA) of $77.23 and additional support at the 200-day MA of $70.03.
Over the past year, PS Business Parks has traded in a range of $63.24 to $84.07 and is now at $83.30, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.
PS Business Parks, Inc. is a self-advised and self-managed real estate investment trust that acquires, develops, owns and operates commercial properties, primarily multi-tenant office industrial or flex space. The Company is the sole general partner of PS Business Parks, L.P. through which the Company conducts most of its activities.
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