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Avalonbay Commun Bearish Moving Average Crossover Alert (AVB)

By Amy Schwartz

Today, shares of Avalonbay Commun (NYSE:AVB) have crossed bearishly below their 10-day moving average of $208.46 on a volume of 104K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Avalonbay Commun share prices have moved between a 52-week high of $211.75 and a 52-week low of $166.22 and are now trading 25% above that low price at $207.50 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Avalonbay Commun on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $182.85. Since that recommendation, shares of Avalonbay Commun have risen 14.1%. We continue to monitor AVB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses avalonbay commun

Ticker(s): AVB